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The Economic Times

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Supreme Court freezes bank A/Cs of Parsvnath, its Directors

In a significant ruling, the Supreme Court has taken decisive action by freezing bank accounts of Parsvnath Developers and issuing warrants in light of a two-decade struggle by senior citizens for rightful home ownership. The court condemned Haryana authorities for their lack of enforcement of regulatory orders, raising important questions about the Real Estate Acts efficacy.

14 Jul 2026 1:26 am