Builder Arrested After Non-Bailable Warrant Issued By National Consumer Commission
New Delhi: Sanjeev Jain, CEO and managing director of realty firm Parsvnath Developers, was arrested by Delhi Police from the Indira Gandhi International Airport Saturday after a 60-kilometre chase.
The arrest was made by the Shahdara district police’s Special Task Force in connection with a consumer complaint regarding delay in transfer of possession of flats after which the firm was ordered to refund home buyers. According to the police, Jain had tried to evade arrest and fled, after which they apprehended him at the airport.
Deputy Commissioner of Police (Shahdara) Surendra Choudhary said, “Sanjeev Kumar Jain was produced before the National Consumer Disputes Redressal Commission. He was arrested Saturday after a 60-kilometre chase”. The police said Jain had four non-bailable warrants and one bailable warrant against him.
“Four non-bailable warrants and one bailable warrant from National Commission were pending in Shahdara police station against Jain. After sincere efforts, Jain, the director of Parsvnath Developers Ltd., was arrested in all the NBWs issued against him,” Choudhary said.
According to the police, the non-bailable warrants were issued against him by the Joint Registrar, National Consumer Disputes Redressal Commission Delhi, in the matter of a complaint dating back to 2017, filed by one Rajat Babbar. In this case, the latest non-bailable warrant was issued against him on 18 July this year, but he did not appear before the commission.
The case pertains to “inordinate delay” from the stipulated deadline for possession of flats and refunds for the same. In 2021, the commission had ordered that the complainants be given the entire amount paid for the flat with 10 percent interest. Jain is a resident of Gurugram. He has been associated with Parsvnath Developers for the last 32 years. The realty firm was established in 1984 and has presence across 13 states in India.
Jain, according to his Linkedin profile, has a bachelor’s degree in engineering from Pune’s Bharati Vidyapeeth and completed his school education in Uttar Pradesh’s Kheda.
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