Parsvnath Developers resolved the issue of non-bailable warrants against Sanjeev Jain by making a court-ordered payment. Jain was arrested for missing a National Consumer Disputes Redressal Commission hearing linked to a complaint about delayed possession. The company reaffirmed their dedication to adhering to court orders and safeguarding interests of their clients.

Parsvnath Developers says matters pertaining to non-bailable warrants against Sanjeev Jain resolved

The police were initially informed that Sanjeev Jain was at his residence in Gurugram. However, by the time they arrived, he had already departed for Delhi. Police arrested him after a 60km chase at the Delhi Airport.

Who Is Sanjeev Jain? Realty Firm Parsvnath Developers CEO Arrested After 60km Car Chase By Delhi Police

Delhi Police arrested Sanjeev Jain, director and CEO of a Parsvnath Developers subsidiary, due to non-bailable warrants for not appearing before the National Consumer Disputes Redressal Commission. The arrest came following a chase from IGI airport to Delhi after being informed by local sources at his Gurugram residence. Jain faces multiple warrants in a case filed by Rajat Babbar, as confirmed by Deputy Commissioner Surendra Choudhary.

Delhi Police arrests realty firm Parsvnath Developers’ CEO following warrants issued by consumer commission

Parsvnath Developers reports consolidated net loss of Rs 306.96 crore in the March 2024 quarter

Winsome Textile Industries Ltd, Parsvnath Developers Ltd, Electrotherm (India) Ltd and Aarvee Denims & Exports Ltd are among the other losers in the BSE’s ‘B’ group today, 08 March 2023.

Creative Eye Ltd leads losers in ‘B’ group

Parsvnath Developers will be among the stocks in focus as it will declare its December quarter earnings today.

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Delhi-based Unity Group has formed a joint development agreement with Parsvnath Developers to develop 450,000 square feet of retail area with an investment of ₹200 crore, said Unity Group co-founder Harsh V Bansal.

Unity, Parsvnath to develop mall in Delhi

Rajdarshan Industries Ltd, Parsvnath Developers Ltd, Usha Martin Education & Solutions Ltd and Kanani Industries Ltd are among the other losers in the BSE’s ‘B’ group today, 21 July 2022.

Earum Pharmaceuticals Ltd leads losers in ‘B’ group

Sebi found that Parsvnath Developers Ltd (PDL) failed to make provision for the outstanding amount in ledger accounts of contractors and sub-contractors

Parsvnath barred from investing in securities market for six months

Also imposes fine of ₹15 lakh for flouting accounting standards

SEBI bans Parsvnath Developers from securities market for 6 months

SEBI found that Parsvnath Developers Ltd (PDL) failed to make provision for the outstanding amount in ledger accounts of contractors and sub-contractors and also failed to strictly comply with Accounting Standards 7 or AS 7, which deals with construction contracts.

SEBI bans Parsvnath Developers from securities mkt; imposes penalty of Rs 15 lakh

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Parsvnath Developers Limited is engaged in the business of real estate development and sale of residential and commercial properties.