Resolution Professional appointed at Parsvnath Developers
PARSVNATH · price
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Parsvnath Developers informed exchanges that the Committee of Creditors appointed Mr. Manoj Kumar Anand as Resolution Professional after e-voting concluded on June 16, 2026. The decision was taken at the first CoC meeting on June 10, 2026. This signals that insolvency proceedings under IBC are formally underway for the realty company.
Insolvency process formally underway. Shareholders likely to face significant dilution or loss as creditors take control of the company.