The Supreme Court froze Parsvnath Developers' bank accounts and issued warrants. This action followed a twenty-year struggle by senior citizens for their homes. The court criticized Haryana authorities for failing to enforce RERA orders. This case highlights concerns about the Real Estate Act's effectiveness. The court expressed grave concern over regulatory authority inaction and potential collusion.
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SC freezes bank accounts of Parsvnath Developers, directors; issues warrants against its officials