| CIN | L65922RJ2011PLC034297 |
|---|---|
| Year Established | Not Available |
| Address | 201-202, 2nd Floor, South End Square Mansarover Industrial Area, Jaipur - 302 020 , Jaipur, Rajasthan, India - 302020 |
| Company Status | Public |
Overall Case Outcomes
When considering a real estate investment, potential buyers must scrutinize the reputation and reliability of builders. Aavas Financiers Limited, a builder primarily operating in Rajasthan, has faced numerous legal challenges that reveal critical insights into their operational practices. This article examines the builder’s performance through a detailed analysis of complaints and legal outcomes, providing invaluable information for prospective buyers.
Overview of Legal Cases
Aavas Financiers Limited has been subject to five legal complaints, all of which resulted in losses for the builder. Notably, there were zero cases won, indicating a pattern of unfavorable outcomes in legal disputes.
Patterns in Lost Cases
Across the five cases lost by Aavas Financiers Limited, a significant pattern emerges:
- Failure to Complete Projects: In each instance, the common grievance among complainants was the builder's inability to complete projects as promised. Buyers reported delays in possession and a lack of fulfillment of contractual obligations.
- Lack of …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Aavas Financiers Limited, where the builder lost, reveals a consistent pattern of legal disputes primarily centered around delayed possession and refund claims.
The cases highlight a common theme: the builder failed to complete projects and provide possession to the buyers within the stipulated time frame. This led to multiple claims from the complainants seeking refunds of their deposited amounts along with interest. The builder's lack of participation in the proceedings further illustrates a concerning trend where respondents often neglect their obligations, leaving buyers in a lurch.
The primary reason buyers brought cases to court was the inability of the builder to fulfill their promises of timely project completion and delivery. The recurring claim of delayed possession suggests systemic issues within the builder's operations, possibly related to project management, resource allocation, or adherence to construction timelines.
The builder lost these cases predominantly …
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