Haryana RERA issues arrest warrants against Parsvnath Developers' directors over unpaid compensation

Haryana RERA’s Panchkula Bench issued arrest warrants against Parsvnath Developers’ directors Rajeev Jain, Pradeep Kumar Jain, and Sanjeev Kumar Jain for failing to pay Rs. 8.6 lakh compensation to a homebuyer as ordered in 2022.

The directors avoided service of notices and did not respond to show cause orders under Order XXI Rule 41(2) CPC.

Despite sufficient funds, the company delayed payment, causing prejudice to the homebuyer.

The Authority ordered their arrest and three months’ civil imprisonment upon payment of Rs. 100 per day per director as subsistence allowance. Action against director Deepa Gupta, residing abroad, will proceed separately.