M/S PARSVNATH DEVELOPERS LTD vs RANDHIR KUMAR MEHTA — MA 698/2021

Case Summary: MA 698/2021 - Parsvnath Developers Ltd v. Randhir Kumar Mehta Outcome: The Supreme Court disposed of the miscellaneous application on May 6, 2021, granting Parsvnath Developers partial relief. The company must deposit the principal amount of Rs. 54,51,505 by the next day, while an eight-week extension (from May 9, 2021) was granted for paying the remaining interest of Rs. 89,69,430 and litigation costs of Rs. 25,000, conditional on the Directors Pradeep Jain and Sanjiv Jain filing personal undertakings within three days. Next Steps: If the undertakings are not filed, respondent Lt. Gen. Randhir Kumar Mehta is entitled to execute the court orders against the appellant. Similar extensions were granted in four related matters (MAs 699-702/2021) under identical conditions. This case analysis is maintained by casestatus.in based on publicly available court records.