This is in reference to the news article published on 04.08.2024 and 05.08.2024 related to the arrest warrant issued by Hon''ble National Consumer Disputes Redressal Commission, New Delhi and arrest of Mr. Sanjeev Jain, MD & CEO of Parsvnath Developers Limited in the matter of Execution Application No. 83 of 2022 in Consumer Complaint No. 2489 of 2017, titled Rajat Babbar & Anr Vs Parsvnath Developers Limited. In this matter, the Company had already made the substantial payments to the allottee on the directions of Hon''ble National Commission, however due to some default in repayment of refund amount, the Hon''ble National Commission had issued the Non-bailable warrants against Mr. Sanjeev Jain. Subsequently, the Company has deposited the decretal amount on the Court''s record, and accordingly, the matter regarding non-bailable warrants is now resolved.