Settling with a few cases won't stop CBI probe: Supreme Court warns realtors

NEW DELHI: The Supreme Court has put a spoke in efforts of defaulting realtors to escape CBI probe by settling with a few homebuyers. The court said these builders would continue to be investigated for cheating homebuyers and siphoning off their deposits till the last of the flat purchasers get their property or refund.Many homebuyers had become parties to petitions filed by groups of homebuyers pleading similar cause – enormous delay in project completion by builders who have already received money through banks under subvention and the banks insisting on repayment in disregard of the fact that the flats are yet to be delivered.Many bank officials found to have colluded with realtors, Supreme Court toldAdvocate Pranav Sachdeva told a bench of CJI Surya Kant and Justices Joymalya Bagchi and V Mohana that the court may allow those homebuyers, with whom defaulting builders has settled, to withdraw from petition and continue…