Parsvnath Developers resolutes non bailable warrant issue
On Monday, realty firm Parsvnath Developers announced that the issue concerning the non-bailable warrants against Sanjeev Jain, the Director of its subsidiary, has been resolved following the deposit of a specified amount as directed by the court. Sanjeev Jain, the Director and CEO of Parsvnath Developers' subsidiary was arrested by the Delhi Police on Saturday. The arrest took place at IGI Airport by the STF team of Shahdara, responding to non-bailable warrants issued against Jain for his failure to appear before the National Consumer Disputes Redressal Commission, as stated by Deputy Commissioner of Police (Shahdara) Surendra Choudhary on Sunday. In a regulatory filing, Parsvnath Developers clarified that the issue pertains to Execution Application No. 83 of 2022 in Consumer Complaint No. 2489 of 2017, titled "Rajat Babbar & Anr Vs Parsvnath Developers Ltd ." "The company and its promoters have the utmost respect for court orders and are committed to m...