SC warns Parsvnath execs of jail over refunds
New Delhi, July 21 -- The Supreme Court on Monday escalated its crackdown on errant real estate developers, warning the managing directors, directors and senior officials of Parsvnath Developers Ltd and Parsvnath Hessa Developers Pvt Ltd that they would face the same fate as the former top executives of Unitech unless they refunded two Gurugram homebuyers within a week, while also clearing that insolvency proceedings would not come in the way of enforcing its orders and sending them to jail.
A bench comprising Chief Justice of India Surya Kant and justices Joymalya Bagchi and V Mohana gave the developers a final opportunity to deposit the entire amount due to the two homebuyers - petitioners before it, along with 12% annual interest within ...
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.