The Supreme Court has eased its freeze on the Parsvnath builders’ accounts for essential payments and directed registration of sale deeds for existing allottees in completed projects with occupancy certificates, leaving the question of a project-completion committee open.
New Delhi: The Supreme Court has carved out limited exceptions to its order freezing the accounts of the respondent builders in the Parsvnath homebuyers proceedings, allowing the Resolution Professional to pay electricity and basic-amenity charges [Rita Tikku and Another v. State of Haryana Through Its Chief Secretary and Others].
The interim order is dated November 5, 2026 and was uploaded by the Supreme Court on November 12. It was passed by a Bench of Chief Justice of India Surya Kant and Justice Joymalya Bagchi, and the proceedings remain pending.
What the freeze now permits
The Bench modified its July 13, 2026 order on freezing the builders’ accounts only to the extent set out in the new directions. Paragraph 2(i) lets the Resolution Professional pay electricity charges so that supply is not disconnected, and paragraph 2(iv) allows payments relating to basic amenities such as water supply.
Part of the company employees’ dues may also be released by the Resolution Professional, from funds that the lending financial institutions have been directed to provide in adequate measure for the specified purposes.
These are defined exceptions to the earlier restrictions. The order does not announce an unrestricted reopening of the builders’ accounts, nor permission to undertake new sales.
Registration of sale deeds, with a boundary
Under paragraph 2(iii), the private and official respondents are to execute and register sale deeds once the allotments are verified. The Court expressly confined this to previous allottees in completed projects where apartments have been handed over and an occupancy certificate has been issued.
Registration is thus tied to existing allotments and the stated completion and occupancy conditions. It does not authorise the respondents to create fresh third-party rights.
Senior citizens aged 75 and above
Paragraph 3 of the new order modifies and clarifies paragraph 4 of the Court’s October 9, 2026 order. It requires that payment of compensation under RERA awards to senior citizens aged 75 and above be considered and expedited.
The direction concerns compensation already covered by RERA awards and does not itself fix a new amount for any buyer.
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A completion committee, not yet constituted
The Bench recorded that it had heard the parties at considerable length on the nature and composition of a committee that might be entrusted with completing the respondent builders’ projects, including projects of sister concerns and allied or associated companies.
The present order does not constitute that committee. It introduces limited measures pending appropriate orders on that question, and the Parsvnath matters are listed for further hearing on December 9, 2026.
Separately, the Registry was directed to de-tag matters unrelated to Parsvnath Developers and its associated companies and list them on December 10. The respondent builders in those other cases were directed meanwhile to release payments under the RERA orders passed against them.
Notice was also issued in three additional writ petitions, Nos. 1280, 1306 and 1314 of 2026, returnable on December 9. They have been tagged with the lead petition.
Case Title: Rita Tikku and Another v. State of Haryana Through Its Chief Secretary and Others
Case Number: W.P.(C) No. 640 of 2026 and connected matters
Court: Supreme Court of India
Bench: Chief Justice of India Surya Kant and Justice Joymalya Bagchi
Order Date: November 5, 2026
Upload Date: November 12, 2026
Status: Interim directions; proceedings pending. Parsvnath matters listed for December 9, 2026.
