| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
Aastik Smart City Private Limited is a builder operating in Bihar, but their operational history raises some concerns. With only one complaint filed against them and the ultimate loss of that case, aspiring homeowners should exercise caution and consider a few key elements before proceeding with any transactions.
Analyzing the Legal Landscape
Complaints and Legal CasesThe builder has a concerning legal record. They faced one complaint, which resulted in a loss. The case was significant enough to prompt substantial legal repercussions—a penalty of Rs. 1,00,000 imposed for failing to register their project with RERA, Bihar before marketing it to potential buyers. This incident highlights a grave oversight regarding compliance with regulatory standards in the real estate sector.
Common Factors in Legal Outcomes
- Cases Lost:
The only case against Aastik Smart City Private Limited resulted in a loss, indicating serious shortcomings in adhering to legal and regulatory requirements. The …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Aastik Smart City Private Limited, where the builder lost, reveals several key themes across the disputes. The cases can be broadly categorized into regulatory non-compliance and penalties imposed for various breaches of duty in the project developments.
The primary reason for the litigation in the case of Aastik Smart City appears to stem from its failure to register their project with RERA, Bihar before proceeding with advertisements and brochures. This highlights a significant pattern where common triggers for the builder's litigation revolve around regulatory non-compliance, particularly concerning project registrations and adherence to the Real Estate (Regulation and Development) Act.
The builder faced a penalty of Rs. 1,00,000 in one notable case, demonstrating the legal system's emphasis on enforcing regulatory standards in the real estate sector. The underlying reason for the builder’s loss in these cases can be attributed to their insufficient adherence to legal …
Individual case details available for subscribers.
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