Builders under scrutiny: Supreme Court puts brakes on coercive action against NCR homebuyers

The Supreme Court protected NCR homebuyers awaiting possession by halting coercive actions over EMI payments. Builders must pay EMIs under subvention schemes. Banks disbursed loans, affecting Section 138. Failure of Delhi High Court's relief led to an appeal. Advocates argue collusion and guideline violations. Buyers face financial burdens and insolvency proceedings. Justices Surya Kant and Ujjal Bhuyan ordered builders to file a reply affidavit in two weeks, warning of potential coercive action.