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Find ways to release loan to homebuyers: Supreme Court
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India, Sept. 12 -- The Supreme Court on Wednesday issued notice to the six banks that had collaborated with the Amrapali group to extend housing loans to buyers, asking them to work out on how remaining instalments can be released by them so that consumers can deposit the balance amount to be paid for their homes, construction of which will be completed by the National Building Construction Corporation Limited (NBCC).
A bench of justices Arun Mishra and UU Lalit asked the representatives of six banks - Bank of India, Bank of Boroda, Union Bank of India, Corporation Bank, Syndicate Bank and Bank of Maharashtra - to be present before the court on October 4. The suggestion to do so came from senior advocate R Venkataramani who has been appo...
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