Advocates Appeared:
For the parties : M.L. Lahoty, Paban K. Sharma, Anchit Sripat, Himanshu Shekhar, Sukant Vikram, Joby Varghese, Arif Eqbal, Abhinav Ankit, Navdeep Jain, Saket Agarwal, Sagar Kumar Pradhan, Nikilesh R., Ms. Priyadarshi Gopal, Rashmi Singh, Mr Divyakant Lahoti, Parikshit Ahuja, Ms. Amrita Grover, Rohit Kumar Singh, Neeraj Shekhar, Rajesh Kumar, Guru Shrana Maurya, Ms. Nancy Mittal, G. C. Tyagi, Kailash Pandey, Ms. Indrani Mukherjee, Ms. Tatini Basu, Gudipati G. Kashyap, Ms. T. Archana, Ms. Apoorva, Ms. Gargi Khanna, Shadan Farasat, Ms. Jahnavi Sindhu, Ms. Shruti Narayan, Pankaj Kumar Singh, Anupam Dwivedi, Raj Singh Rana, Ejaz Maqbool, Ms. Tanya Shree, Mohd. Abdullah, Naresh Kaushik, Vardhman Kaushik, Manoj Joshi, Omungraj Gupta, Rahul Sharma, Lakshay Juneja, Devik Singh, Ms. Rebbela Dais, Ms. Lalita Kaushik, Abhitosh Pratap Singh Ms. Swarupma Chaturvedi, Ambhoj Kumar Sinha, Arpit Rai, Aviral Kashyap, Aneesh Mittal, Ms. Shreya Sharma, Pawanshree Agrawal, Ms. Abhipsa Anamika, Sandeep Jha, Ram Ekbal Roy, Binay Kumar Das, Abhigya, Pradeep Kumar Dubey, Ms. Sunita Yadav, Ms. Swarupama Chaturvedi, Ms. Aparna Trivedi, Ms. Ashwarya Sinha, Himanshu Chaubey, Ehraz Zafar, Divyam Dhyani, Vivek Narayan Sharma, Ms. Payal Kakra, Sushant Chaturvedi, Ms. Tanya Gupta, Sunil Kumar, Ms. Anindita Pujari, Alok Kumar Aggarwal, Ms. Anushruti, Ms. Pavni Poddar, Kushagra Nigam, Gaurav Goel, Aabhash Parimal, Somanatha Padhan, Akash Nagar, Ms. Roopal Tripathi, Siddhartha Jha, Kumar Sudeep, Somesh Chandra Jha, Gajanand K., Anish Mathur, Ms. Manju Jetley, Ms. Iti Agarwal, Paritosh Goel, Abhitosh Pratap Singh, Ms. Swarupama Chaturvedi, Prithvi Pal, Syed Ahmad Naqvi, Kaushal Yadav, Pramod Kumar, Nandlal Kumar Mishra, Ms. Ankita Agarwal, Ms. Akansha Rai, Mahendra Singh, R. K. S. Yadav, Vibhu Shanker Mishra, B. V. Balram Das, S.K. Pandey, Anshul Rai, Chandrashekhar A. Chakalabbi, Awanish Kumar, For M/s. Dharmaprabhas Law Associates Dharmendra Kumar Sinha, Raju Sonkar, Subodh Kumar Pathak, Shashi Ranjan, Ms. Pranita Shekhar, Pawan Kumar Sharma, Bishwajit Dubey, Ms. Srideepa Bhatt Acharyya, Aditya Marwah, For M/s. Cyril Amarchand Mangaldas Suchit Mohanty, Sibo Sankar Mishra, A.D.N. Rao, A. Venkatesh, Rahul Mishra, Amber Sachdeva, Ms. Avni Sharma, Dr. Shashwat Bajpai, Ms. Avi Tandon, Rohit Amit Shekdhar, Sharad Agarwal, Kumar Kisley, Vishrutyi Sahni, Dheeraj Nair, Sanjay Kumar Visen, Ms. Ritu Rastogi, Raj Kamal, D.K. Sharma, Maheen Pradhan, Varun Tyagi, Siddhant Sharma, Aseem Atwal, S. S. Ray, Ms. Rakhi Ray, S.B. Upadhyay, Sr.Adv. Krishnam Mishra, Param Kumar Mishra, Ms. Anisha Upadhyay, Baij Nath Patel, Ms. Sweta, Ms. Romila, Dr. Alok K. Sharma Naresh Kumar, Ashutosh Sharma, Mohit Chaudhary, Ms. Puja Sharma, Kunal Sachdeva, Anup Mishra, Balwinder Singh Suri, K .S. Namdar, Sr. Adv. Hitesh Kumar Sharma, S. K. Rajora, R. K. Gupta, Braj K. Mishra, Vikram Patralekh, Pawan Kumar Sharma, Mukul Singh, A. K. Singh, D. P. Singh, Anurag Tandon, Ms. Sonam Gupta, Shashank Singh, Mohd. Wagnes, Zeeshan Khan, Kabir Dixit, Ms. Priyanka Das, Somiran Sharma, Ms. Ragini Pandey, Anuj Bhandari, Abhinav Srivastava, Ankit Mishra, Ashwani kumar Upadhyay, Ms. Asha Upadhyay, R. D. Upadhyay, Vivek Narayan Sharma, Pragyan Mishra, Mohd. Zaheb Husain, Ms. Mohika Jain, Ajay Singh, Dr. Shesh Mani Pandey, Debal Kr. Banerji, Sr.Adv. Vishnu Sharma, Sourav Roy, Ms. Anupama Sharma, Prahant Kumar, Ashutosh Kumar, Ms. Astha Sharma, Ms. Shivam Sharma, Ms. Dimple Nagpal, Vibhu Shanker Mishra, B. V. Balram Das, Ms. Neema, Ms. Pallavi Pratap, Kumar Mihir, Ravindra Kumar, Raju Shrivastav, Mohit D. Ram, Gopal Jha, Ms. E. R. Sumathy, Binay Kumar Das, Rameshwar Prasad Goyal, Ashok Kumar Singh, Prithvi Pal, Ms. Jasmine Damkewala, Shovan Mishra, By Courts Motion, Prakash Ranjan Nayak, Shishir Pinaki, Vivek Narayan Sharma, Ms. Pallavi Pratap, Raj Kamal, Sayaree Basu Mallik, Kumar Mihir, Sukant Vikram, R. Sathish, Kailash Prashad Pandey, Himanshu Shekhar, Amit Pawan, Abdul Azeem Kalebudde, Manish Kumar Saran, A. P. Mohanty, M/S. Dharmaprabhas Law Associates, G. Balaji, Shadan Farasat, Aniruddha P. Mayee, Gaurav Goel, M/S. Cyril Amarchand Mangaldas Aor, Akhilesh Kumar Pandey, Ms. Rakhi Ray, Ravindra Kumar, Badri Prasad Singh, Dharmendra Kumar Sinha, Gaurav Goel, Balaji Srinivasan, Rabin Majumder, Rajesh Kumar Gupta, Mukesh Kumar Maroria, Anoop Prakash Awasthi, Siddhartha Jha, Applicant-in-person, Ms. Praveena Gautam, Ms. Indra Sawhney, M/S. Kings And Alliance Llp , Ms. Sujata Kurdukar, Gaurav, Pallavi Pratap, Ravindra Sadanand Chingale, K. Paari Vendhan, Abhimanue Shrestha, B. Krishna Prasad, Rohit Amit Sthalekar, Anil Kumar Mishra-i, M/S Vibhu Shanker Mishra And Co., E. C. Vidya Sagar, Arvind Gupta, S. S. Shroff, Rishi Matoliya, Nikilesh Ramachandran, Sumit Sinha, Mrs. Mona K. Rajvanshi, Mishra Saurabh, Ms. T. Archana, Kabir Dixit, Divyakant Lahoti, Ms. Charu Mathur, Braj Kishore Mishra, Kedar Nath Tripathy, Shri. Gaichangpou Gangmei, Rajesh Mahale, Mrs. Anil Katiyar, Ms. Hima Lawrence, Joby P. Varghese, Kumar Mihir, Somanatha Padhan, Ranjan Kumar Pandey, Ms. Dharitry Phookan, Binay Kumar Das, Ms. Amita Singh Kalkal, Ms. Kamakshi S. Mehlwal, S. R. Setia, Ejaz Maqbool, Praveen Jain, Ms. Charu Ambwani, Smarhar Singh, Mrs. Swarupama Chaturvedi, Ms. Chandan Ramamurthi, Mrs. Lalita Kaushik, Abhinav Shrivastava, Mrs. Gargi Khanna, Annam D. N. Rao, Pradeep Misra, Ms. Rajkumari Banju, Gautam Das, B. K. Satija, Satish Pandey, Ms. Arti Singh, Neeraj Shekhar, Ms. Sonam Gupta, Sudhansu Palo, Sanand Ramakrishnan, Abhijit Sengupta, Sukant Vikram, Kumar Dushyant Singh, Sibo Sankar Mishra, M/S. D.s.k. Legal, Ms. Prerna Mehta, Roopansh Purohit, Abhigya, Ajit Sharma, Arun K. Sinha, Anil K. Chopra, Dheeraj Nair, Sanjay Kumar Visen, Ms. Veera Kaul Singh, Vishnu Sharma, Sarvam Ritam Khare, Niraj Gupta, Nitish Massey, Ms. Mridula Ray Bharadwaj, S. K. Verma, Ritesh Agrawal, Ms. Suruchii Aggarwal, Atishi Dipankar, Himanshu Shekhar, Abdul Azeem Kalebudde, Aviral Kashyap, Kaushal Yadav, Ram Lal Roy, Talha Abdul Rahman, Ms. Anindita Pujari, M/S. V. Maheshwari & Co., Ms. Bharti Tyagi, Ms. Astha Sharma, Somesh Chandra Jha, Mushtaq Ahmad, T. Mahipal, Ms. Shobha Gupta, Arvind Kumar, Brijesh Kumar Tamber, Tahir Ashraf Siddiqui, Rameshwar Prasad Goyal, Ms. Manju Jetley, Abhishek Agarwal, Chandan Kumar, Sayaree Basu Mallik, Aakarshan Aditya, Ms. Misha Rohatgi, Ms. Tatini Basu, Somiran Sharma, Sanjay Kumar Dubey, Ms. Anannya Ghosh, Ashwani Bhardwaj, Shekhar Kumar, Dhananjay Garg, R. D. Upadhyay, P. K. Jayakrishnan, Aneesh Mittal, Raj Kamal, Pawanshree Agrawal, Sureshan P., Tejaswi Kumar Pradhan, Naveen Kumar, Balraj Dewan, Kaushik Choudhury, Ashwarya Sinha, Ms. Rashmi Singh, Ms. Anisha Upadhyay, Aman Gupta, Mohit D. Ram, Ambhoj Kumar Sinha, Raj Singh Rana, Prakash Kumar Singh, Avneesh Arputham, Sudhir Naagar, Ms. Vandana Sehgal, Vivek Kumar Srivastava, Rahul Jaiswal, Vibhu Shankar Mishra, Adv.

No, banks cannot shift the burden of loans taken by the builder onto the buyers.

The judgment holds that no valid mortgage was created in favor of banks, as permissions from Noida/Greater Noida authorities were conditional on payment of premium/lease dues, which were not cleared, making mortgages ineffective [ (!) (!) (!) ]. Banks failed to monitor end-use of funds, which were diverted immediately upon receipt, not invested in projects [ (!) (!) (!) (!) ]. Home buyers' payments included components for authorities' dues, which builders diverted fraudulently [ (!) (!) ].

Under RERA Section 11(4)(h), post-agreement mortgages/charges do not affect allottees' rights/interests, safeguarding buyers [ (!) (!) (!) ]. Premium/lease dues and bank loans cannot be recovered from buyers/projects; banks must recover from diverted assets/guarantors, not home buyers' investments [ (!) (!) (!) (!) ].

Noida/Greater Noida authorities and banks have no right to sell flats/land for dues recovery; amounts from attached/diverted properties suffice [ (!) ]. Buyers' interests prevail; fraud vitiates claims against them [ (!) (!) ].