EMI charged by banks for bank approved projects and later builder stops construction completely

Builder Nirmal Lifestyle has completely stopped their project construction in their project Lifestyle City , Kalyan . This project was approved by leading banks and as banks have approved , we , as a common man believed that all due diligence work would have been completed by banks and hence went ahead to buy a flat in this project . We took loan and have been paying EMIs for eight years now .But ,the project is not going to be completed as it is stalled since several years . Now , the question is what type of due diligence work did banks do in the first place ? 2ndly, when the builder nis not interested to build the building and complete the project, then for what purpose am I paying the EMIs to the bank ? The bank disbursed the money to the builder and not to the Home buyer . So the bank should hold the builder liable for stalled projects ..So how do I stop paying EMIs legally ? I have no intention to do any fraud , but obviously as a consumer I need the product for which I am paying money . When I know I am not going to get the product , for no fault of mine , but for the fault of the builder , then why as a HB , am I held liable to pay EMIs on stalled projects ?