"Sanjiv Jain was arrested on Saturday by the STF team of Shahdara from the IGI airport following non-bailable warrants issued against the CEO for his inability to appear before the National Consumer Disputes Redressal Commission," Deputy Commissioner of Police (Shahdara) Surendra Choudhary said in a statement.
The company has been directed to pay the fine within 45 days, the Sebi said in an order
The company was allotted 18,000 square metres of plot on a 90-year lease by the Greater Noida Industrial Development Authority in Uttar Pradesh in a tender process held in 2007.
Directors of Parsvnath Developers were granted bail on October 23 after they appeared before the court in the case of cheating and criminal breach of trust