New Delhi, April 29 -- The Supreme Court on Tuesday directed the CBI to register and conduct multiple preliminary inquiries into an alleged "builder-bank nexus", on a plea filed by a large number of homebuyers who claimed they were forced to pay EMIs despite not receiving possession of their flats due to delays by developers.

A bench of Justices Surya Kant and N. Kotiswar Singh issued a slew of directions, including a CBI probe in relation to the projects launched by M/s Supertech limited in Delhi NCR region and on other projects by different realtors outside the Delhi NCR.

"We deem it appropriate to direct the CBI to register seven preliminary inquiries in the manner suggested in the affidavit submitted on behalf of the CBI", the bench...