NEW DELHI: Questioning CBI for filing a chargesheet against financial institution officials and builders, for allegedly cheating homebuy-ers, without custodial interrogation, Supreme Court on Wednesday told the agency that no one should be treated as above the law and asked it to complete the probe in a time-bound manner.A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi said all those builders who had siphoned off homebuyers’ earnings sho-uld be arrested to find out where the money went and it should be recovered and refunded. The bench also expressed displeasure over the slow progress of CBI’s probe.”How can you file a chargesheet without holding a custodial interrogation? This will lead to an eyewash,” the bench said.Israel Iran WarUS-Israel-Iran War News Live Updates: Iran says it targeted Israeli military intelligence & naval base; fresh explosions heard in DubaiMiddle Easat crisis: MEA condemns attack on India-bound Thai ship; remarks innocent lives lost in conflict ‘unacceptable”Legitimate targets’: Iran issues warning to US tech firms including Google, Amazon, Microsoft, NvidiaIn view of the rising number of such cases across the country, additional solicitor general Aishwarya Bhati submitted that some should be probed by state police. SC rejected this plea, saying that permitting a parallel probe would lead to chaos. The court said if the state police had been competent, it would not have handed over the probe to CBI. SC said CBI could not wriggle out of the case and let down the millions of homebuyers who were suffering. “We disapprove of the stand taken by CBI,” the bench said, and allowed the agency to seek assistance from state DGP personnel and logistics support.”As of now we do not want to comment on the probe undertaken by CBI but all that we want to observe is that no one should be treated above the law and investigation must be brought to a logical conclusion,” the bench said.The court asked CBI to give a time frame by which the probe would be completed as it could not go on indefinitely. It asked a competent officer of the agency to file an affidavit. “This court cannot wait for an indefinite period for the conclusion of the investigation… any delay will only lead to more agony for the homebuyers who have already been harassed by the builders and developers, apparently in collusion and connivance with financial institutions and banks,” it said.The court also clarified that affected parties, including homebuyers, banks and builders, should submit their claims, suggestions and recommendations to the amicus curiae, who would then examine them and place appropriate material before the court.It directed CBI to carefully examine the report submitted by amicus curiae Rajiv Jain last year, particularly the areas of investigation identified in it.End of ArticleFollow Us On Social MediaVideosNo LPG Shortage: Govt Unveils Plan To Prioritise Homes, Hospitals, SchoolsPreparing Against Joint China & Pakistan Threat, India Buys More Weapons Than Any Nation : Report‘Parliament Is Not A Party Office’: TMC’s Sayani Ghosh Targets Modi Govt During Speaker Trust MotionLok Sabha Drama Ends With Voice Vote Defeating Opposition Move Against Speaker Om BirlaFirst Group Of Indian Students In Iran To Head Towards Armenia Border Amid Security Concerns‘FOMO Gandhi’: BJP MP Anurag Thakur’s Viral Dig At Rahul Gandhi, Calls Him ‘Leader Of Propaganda”Speaker Above Party Lines’: Amit Shah Attacks Congress Over Rare Lok Sabha No Confidence MotionLearning from Iran, Indian Army Conducts Live Firing Drill Against Drone Swarms At PokhranPM Modi Assures Safety Of Indians Amid West Asia War, Slams Cong-Left For ‘Creating Panic’Historic Ruling: After 13 Years In Coma, Supreme Court Allows Passive Euthanasia For Harish Rana123PhotostoriesDevoleena Bhattacharjee gets emotional recalling caring for her mother during schizophrenia attacks from the age of 11; says brother’s death led to a phase of depressionA red Chanderi saree, royal bandhgala and Mumbai sunset: Pictures from Kritika Kamra-Gaurav Kapur’s intimate Bandra home weddingMahesh Babu-Namrata Shirodkar: Love story born on ‘Vamsi’ sets, sealed in private vowsHardik Pandya to Abhishek Sharma: Indian players flash diamond studs and chains during T20 World Cup 2026 triumph5 key features that make cruiser bikes comfortable for highway ridingHow to make South Indian Curd Rice for dinner to keep the stomach coolThe ‘3-hour dinner rule’: Doctors say this simple change could improve heart health and longevityIs collecting airline miles still worth it? 5 things travellers should know7 signs you are in a healthy relationship7 birds that use Earth’s magnetic field to travel the globe123Hot PicksStrait of Hormuz naval minesChina Yj-12 missileUCC gender biasCovid vaccine compensation policyIncome Tax CalculatorPublic holidays March 2026Bank Holidays MarchTop TrendingIran War Impact on IndiaIPL Teams Match ScheduleGold Price PredictionMumbai TemperatureSouth Asia Country Diesel and Petrol PriceUS Iran War ImpactUAE F-16Brain dead womenBombay high courtMiddle East War
NEW DELHI: Questioning CBI for filing a chargesheet against financial institution officials and builders, for allegedly cheating homebuy-ers, without custodial interrogation, Supreme Court on Wednesday told the agency that no one should be treated as above the law and asked it to complete the probe in a time-bound manner.A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi said all those builders who had siphoned off homebuyers’ earnings sho-uld be arrested to find out where the money went and it should be recovered and refunded. The bench also expressed displeasure over the slow progress of CBI’s probe.“How can you file a chargesheet without holding a custodial interrogation? This will lead to an eyewash,” the bench said.In view of the rising number of such cases across the country, additional solicitor general Aishwarya Bhati submitted that some should be probed by state police. SC rejected this plea, saying that permitting a parallel probe would lead to chaos. The court said if the state police had been competent, it would not have handed over the probe to CBI. SC said CBI could not wriggle out of the case and let down the millions of homebuyers who were suffering. “We disapprove of the stand taken by CBI,” the bench said, and allowed the agency to seek assistance from state DGP personnel and logistics support.“As of now we do not want to comment on the probe undertaken by CBI but all that we want to observe is that no one should be treated above the law and investigation must be brought to a logical conclusion,” the bench said.The court asked CBI to give a time frame by which the probe would be completed as it could not go on indefinitely. It asked a competent officer of the agency to file an affidavit. “This court cannot wait for an indefinite period for the conclusion of the investigation… any delay will only lead to more agony for the homebuyers who have already been harassed by the builders and developers, apparently in collusion and connivance with financial institutions and banks,” it said.The court also clarified that affected parties, including homebuyers, banks and builders, should submit their claims, suggestions and recommendations to the amicus curiae, who would then examine them and place appropriate material before the court.It directed CBI to carefully examine the report submitted by amicus curiae Rajiv Jain last year, particularly the areas of investigation identified in it.
