SC warns Parsvnath executives of jail over refunds | TheBriefWire
SC warns Parsvnath executives of jail over refunds
Published 21 July 2026 · india
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
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
Published: July 21, 2026 • 8:46 AM IST · Updated: July 21, 2026 • 9:03 AM ISTBy TheBriefWire Editorial Team
Key points
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
The BriefWire