Supreme Court Quashes CBI Probe into Ambience Mall, Advances Builder-Bank Collusion Cases

The Supreme Court set aside the Punjab and Haryana High Court's 2020 order directing a CBI probe into the Ambience Mall construction on land originally licensed for residential use in Gurugram, ruling the probe direction legally unsustainable. The Court found the High Court's assumptions on land use and contractual terms erroneous and noted delays by petitioners. The ruling does not affect other pending related cases. Separately, the Supreme Court directed trial courts to proceed with CBI charge sheets in multiple cases alleging collusion between banks and builders in subvention scheme scams affecting homebuyers across the National Capital Region.