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.Commission president Justice Sangita Dhingra Sehgal passed the custody order while hearing an execution case filed by a home buyer, Abhishek Mundhra. 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.However, Justice Sehgal refused to allow the withdrawal, noting that no written agreement was on record and the cheques remained unencashed. The Commission said that the proceedings cannot be closed until the buyer actually receives the money.Flagging the directors’ conduct in other cases, Justice Sehgal observed, “It is significant to note that the JDs who are present in court have been evading the process of law in various cases. They have issued cheques to the DH/DHs and the same were dishonored on presentation by the DH.”The Commission noted that the directors faced arrest warrants in five cases, had been declared proclaimed offenders in seven cases, and faced pending proclaimed offender proceedings in 34 other cases.Taking up the 46 pending matters on its own initiative, the Commission observed, “All the above mentioned matters are taken up suo moto since the JD has not cleared the decretal amount in these cases and execution petition are still pending.”The two directors, who were produced before the Commission from Tihar Jail, were taken into custody in all 46 matters and remanded to judicial custody until Nov 18.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.
