New Delhi: Delhi State Consumer Disputes Redressal Commission has sent two directors of Parsvnath Developers, Sanjeev Kumar Jain and Rajeev Jain, to judicial custody until Nov 18 in 46 pending cases over the company’s failure to pay refunds and compensation awarded to home buyers.
He sought to withdraw his case after securing an out-of-court settlement of Rs 1.25 crore via five post-dated cheques of Rs 25 lakh each from the company’s directors. Commission president Justice Sangita Dhingra Sehgal passed the custody order while hearing an execution case filed by a home buyer, Abhishek Mundhra.
Mundhra’s request to withdraw his case will remain pending until all five cheques, scheduled for payment between Dec 3, 2026, and April 3, 2027, are encashed. The Commission directing home buyers from the other 46 cases to appear on Nov 18. You Can Also Check: Gold Rate in Delhi | Silver Rate in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi | Delhi AQI | Weather in Delhi | Petrol Price in Delhi | Diesel Price in Delhi | CNG Price in Delhi | LPG Price in Delhi