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Parsvnath Developers

The authority has taken this action for non-deposit of the outstanding amount of nearly Rs 281 crore on both the land plots and non-completion of both the projects

Updated On: 25 Nov 2022 | 8:46 AM IST

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

Updated On: 01 Jul 2022 | 2:23 AM IST

Realty firm Parsvnath Ltd has received Rs 1,200 crore from Rail Land Development Authority (RLDA) as per a court order in a dispute related to a project here and said that the amount will be utilised to reduce debt. Last month, the Supreme Court had dismissed the appeal of the RLDA challenging a Delhi High Court order directing it to pay Rs 1,034 crore to Parsvnath Ltd in a dispute over a project in the national capital. "We have received Rs 1,200 crore from RLDA and the money is being utilised to clear debt of IL&FS and redemption of NCDs (non-convertible debentures) and OCDs (Optionally Convertible Debentures)," Parsvnath Chairman Pradeep Jain told PTI. In 2010, Parsvnath through an auction had bought about 37 acre land located at Sarai Rohilla-Kishanganj area in the national capital from the RLDA for about Rs 1,650 crore. Parsvnath had in 2011, formed a joint venture with Red Fort Capital to execute this project. The JV firm was named Parsvnath Rail Land Project Pvt Ltd ...

Updated On: 18 Aug 2019 | 3:14 PM IST

The regulator believes that the entire extent of violations can be unearthed only by means of forensic audit

Updated On: 04 Jan 2019 | 9:30 PM IST

The company had paid over Rs 1,150 crore against the purchase of this land parcel

Updated On: 29 Nov 2017 | 6:21 PM IST

Kavit Ind, Signet Industries, Kalpana Ind and SQS India plunged upto 20% in early morning trade

Updated On: 14 Aug 2017 | 11:53 AM IST