NCLT appoints Yash Jeet Basrar as an interim RP to run the corporate insolvency resolution process of Parsvnath Landmark Developers. Photo: Ramesh Pathania/Mint
New Delhi: The National Company Law Tribunal (NCLT) has given its approval to start the insolvency proceedings against realty firm Parsvnath Developers subsidiary, which is developing a housing project in the national capital. The NCLT, Delhi, has admitted an insolvency petition filed by three homebuyers against the subsidiary firm – Parsvnath Landmark Developers – for inordinate delay in the development of this project and non-refund of their payment.
The tribunal appointed Yash Jeet Basrar as an interim resolution professional (RP) to run the corporate insolvency resolution proce…
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