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Parsvnath Developers faces Rs 4,57,29,50,323.49 in claims during corporate insolvency resolution
08-Aug-2026, 05:51
Parsvnath Developers Limited faces total claims of Rs 4,57,29,50,323.49 from operational creditors, according to a list published July 31, 2026, as part of the corporate insolvency resolution process (CIRP) commenced April 30, 2026. Of that total, Rs 4,48,29,49,333.77 has been admitted, though the Resolution Professional emphasizes that these figures are provisional and subject to verification and potential modification under the Insolvency and Bankruptcy Code, 2016. The list, which includes claims from entities such as 1(India) Ltd. and SMC Global Securities Ltd., does not indicate any security interests or related-party connections for the creditors. A separate list of other, non-financial creditors remains incomplete.
Parsvnath Developers Limited faces total claims of Rs 4,57,29,50,323.49 from operational creditors, according to a list published July 31, 2026, as part of the corporate insolvency resolution process (CIRP) commenced April 30, 2026. Of that total, Rs 4,48,29,49,333.77 has been admitted, though the Resolution Professional emphasizes that these figures are provisional and subject to verification and potential modification under the Insolvency and Bankruptcy Code, 2016. The list, which includes claims from entities such as 1(India) Ltd. and SMC Global Securities Ltd., does not indicate any security interests or related-party connections for the creditors. A separate list of other, non-financial creditors remains incomplete.