Legal13 May 2026, 05:51 pm
Parsvnath Developers Ltd: Corporate Insolvency Resolution Process
AI Summary
Parsvnath Developers Limited has initiated a Corporate Insolvency Resolution Process (CIRP) as per the order of the National Company Law Tribunal (NCLT), New Delhi, dated April 30, 2026. Mr. Manoj Kumar Anand has been appointed as the Interim Resolution Professional (IRP). The public announcement was made on May 13, 2026, inviting creditors to submit their claims by May 27, 2026. The estimated date for closure of the insolvency resolution process is October 27, 2026.
Key Highlights
- CIRP commenced for Parsvnath Developers on April 30, 2026, by NCLT order.
- Manoj Kumar Anand appointed as Interim Resolution Professional.
- Creditors to submit claims by May 27, 2026.
- Estimated CIRP closure date is October 27, 2026.
- Allottees under real estate projects are identified as a class of creditors.