Archive · 20 Jul 2026
SC Warns Parsvnath Developers of Jail
The Supreme Court of India has given Parsvnath Developers one week to pay back homebuyers who have been waiting for their homes for 20 years.
The court said if the company doesn't pay, its directors could go to jail.
The homebuyers, including a cancer survivor, paid for their homes in 2006 but never got them.
The court froze the company's bank accounts and said no one else can take possession of the flats while this is being sorted out.
The court is very serious and warned that jail is the next step if the company doesn't obey.
Supreme Court grants Parsvnath Developers one week to deposit dues to homebuyers in Gurugram.
Court warns of jail for directors if they fail to comply with the order.
Homebuyers, including a cancer survivor, have been waiting for possession since 2006.
Court froze the company's bank accounts and issued bailable warrants against its leadership.
Haryana RERA ordered compensation, but the builder disregarded the directions.
- Who
- Parsvnath Developers and its directors
- What
- Supreme Court orders to deposit dues to homebuyers
- When
- July 20, with a deadline of one week
- Where
- Gurugram, Haryana
- Why
- Non-compliance with Haryana RERA orders and failure to provide possession of homes to buyers
- Company
- Parsvnath Developers
- Project
- Parsvnath Exotica
- Location
- Sector 53, Gurugram
- Amount Due
- Rs 1.78 crore
- Interest Rate
- 12% per annum
- Deadline
- One week from July 20
- Next Hearing
- July 27
- Article Cited
- Article 142 of the Constitution