The record
Written from the 1 report below. Nothing here is unsourced.
- The Supreme Court has warned top executives of Parsvnath Developers and Parsvnath Hessa Developers that they could face jail, as Unitech's former executives did, if they fail to refund two Gurugram homebuyers within a week.
- The court made clear that ongoing insolvency proceedings will not prevent enforcement of its orders.
- The move is part of the court's broader action against real estate developers who have not refunded homebuyers.
What to watch next
- Whether Parsvnath refunds the two homebuyers within the one-week deadline
- Possible court action, including jail, against the named executives if refunds are not made
- How the insolvency proceedings interact with the court's enforcement orders
Coverage1
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All filed from India
Named India · Gurugram · Parsvnath Developers Ltd · Parsvnath Hessa Developers Pvt Ltd · Supreme Court of India · Unitech
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