Insolvency proceedings cannot be a shield: Supreme Court warns Parsvnath Directors of jail for non-compliance with HRERA orders
The Supreme Court has issued a stern warning to the directors of real estate developer Parsvnath Developers, making it clear that the company’s ongoing insolvency proceedings cannot be invoked as a defence for failing to comply with orders concerning the dues of homebuyers. A Bench comprising Chief Justice of India Surya Kant, Justice Joymalya Bagchi…

