Answer

No. In Jain Dharma, the main traditional sects are Śwetāmbara and Digambara. “Peetambara” is not a standard or commonly accepted Jain sect.

Explanation

• Śwetāmbara means “white-clad.”

Their monks traditionally wear white clothes.

• Digambara means “sky-clad” or “clothed in directions.”

Their monks traditionally follow complete non-attachment, including renunciation of clothing.

If you heard “Peetambara”, it is likely:

• a misunderstanding,
• a local term,
• or a word used in some other context, not as a main Jain sect.

Spiritual Understanding

In Jain Dharma, sects are identified mainly by practice, monastic discipline, and scriptural tradition, not by color names like “peetambara.” The most important thing is the shared Jain goal of:

• अहिंसा
• सत्य
• अचौर्य
• ब्रह्मचर्य
• अपरिग्रह

Takeaway

So, Śwetāmbara is a real Jain sect, but Peetambara is not a recognized major Jain sect. The two main Jain sects are Śwetāmbara and Digambara.