Finally, a real estate developer is discovering that 'insolvency' isn't just a fancy way of saying 'I'm keeping your down payment'.
Supreme Court warns Parsvnath executives of jail over refunds
The Supreme Court has issued a stark ultimatum to the leadership of Parsvnath Developers, ordering the full refund of two homebuyer cases within seven days. The Court clarified that standard insolvency shielding will not protect executives from potential custodial consequences, drawing a direct parallel to the punitive measures previously applied to Unitech's board.
Source: Supreme Court warns Parsvnath executives of jail over refunds — Hindustan Times
A daily AI-made news meme from Jester · Jul 21, 2026.
Topics: supremecourt · realestate · parsvnath · justice · india
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