In a dramatic turn of events, Delhi Police have taken Sanjeev Jain, the CEO of Parsvnath Landmark Developers, into custody. The arrest follows a series of non-bailable warrants issued against Jain by the National Consumer Disputes Redressal Commission. Jain had repeatedly failed to appear before the commission to answer charges related to a case filed by Rajat Babbar.
The arrest unfolded on Saturday when a Delhi Police Special Task Force team apprehended Jain at the Indira Gandhi International Airport. The situation escalated into a high-speed chase as Jain attempted to evade arrest. The pursuit ended at the airport, where authorities finally took him into custody.
The arrest of a high-profile figure like Jain has sent shockwaves through the real estate industry and raised concerns about the accountability of developers. As the case unfolds, the public eye will be closely watching the legal proceedings and their implications for the sector.
