Parsvnath Developers Ltd.
Browse 33 projects by Parsvnath Developers Ltd. in Jodhpur, Ghaziabad, Agra, 16 RERA-registered. Status, RERA details and buyer discussions.
Address: 19, Arunachal Building, 6th Floor, Barakhamba Road, Delhi-110001, INDIA.
Projects by Parsvnath Developers Ltd.
Legal & regulatory
Parsvnath Developers Ltd is under Supreme Court enforcement over undelivered flats and unrefunded homebuyer money across the group. Corporate insolvency proceedings have run since 30 April 2026 and the Insolvency Resolution Professional has received about 3,000 homebuyer claims. On 13 July 2026 the Supreme Court froze the bank accounts of the company and its directors and issued bailable warrants against them, remarking on the 'slumber' of the regulatory authorities. On 21 July 2026 it gave one week to deposit the entire recoverable amount with 12% annual interest into the court registry, the Chief Justice saying the next step is jail. On 8 September 2026 the court rejected the company's proposal to hand over possession within a year and repay buyers, calling it 'another device' to delay, directed a deposit of Rs 500 crore with the registry, and warned it will appoint a High-Powered Committee to take over all responsibilities unless a fresh proposal satisfying every allottee is filed. The court has held that pending insolvency does not shield the company or its directors from complying. About 24 Parsvnath housing projects and more than 10 pending cases are involved. A buyer looking at any Parsvnath project should treat completion as dependent on the outcome here, and check the position of their own tower separately.
Enforcement of HRERA refund orders against Parsvnath Developers Ltd and subsidiaries
- Court: Supreme Court of India
- Status: Pending. Order of 8 September 2026 (CJI Surya Kant, Justices Joymalya Bagchi and V Mohana) rejected the developer's possession-and-repayment proposal as 'another device' to delay, directed Rs 500 crore be deposited with the Supreme Court registry, and warned of a High-Powered Committee if no acceptable proposal is filed. Accounts of the company and its directors frozen since 13 July 2026, bailable warrants issued.
- Company-level proceeding covering Parsvnath Developers Ltd and its subsidiary firms. The lead petitioners are Rita Tikku, a cancer survivor, and Lokaish Tikku, who paid Rs 1.78 crore for a flat at Parsvnath Exotica, Sector 53, Gurugram due for possession in February 2013 and still undelivered.
- Source: https://m.economictimes.com/industry/services/property-/-cstruction/sc-rejects-proposal-of-parsvnath-developers-for-homebuyers-asked-it-to-file-another/amp_articleshow/133924045.cms
Corporate insolvency resolution process (IBC)
In the news
- SC rejects proposal of Parsvnath Developers for homebuyers, asks it to file another — The Economic Times — 2026-09-08 The Supreme Court rejected Parsvnath's proposal to hand over possession within a year and repay buyers, calling it 'another device' to delay, and directed a deposit of Rs 500 crore with the registry. It warned it would appoint a High-Powered Committee to take over all responsibilities unless a fresh proposal satisfying every allottee across the group and its subsidiaries is filed.
- Parsvnath case: SC freezes bank accounts, issues warrants against directors — Business Standard — 2026-07-13 The Supreme Court froze the bank accounts of Parsvnath Developers and its directors and issued bailable warrants, remarking on the 'slumber' of the regulatory authorities and a possible collusion between the Haryana state machinery and the builder.
- Settlement talks can't stall insolvency once default is established: SC — Business Standard — 2026-07-09 The Supreme Court held that the pendency of insolvency proceedings does not absolve Parsvnath or its directors from complying with judicial directions and meeting obligations to homebuyers.
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