CORAL GROUP (RADHAKRISHNA BUILATECH PRIVATE LIMITED)

Overview of Coral Group (Radhakrishna Builatech Private Limited)

Coral Group, officially known as Radhakrishna Builatech Private Limited, operates primarily in Rajasthan. As a builder, it has faced some challenges in its dealings, reflected in the legal outcomes associated with its projects. In this blog, we delve into the details of the builder's legal history, analyze patterns in their legal cases, and provide essential insights for potential buyers.

Legal Insights: Cases Filed Against Coral Group

Complaints and Outcomes

Coral Group has had a limited number of complaints registered against it, with a total of 1 complaint. According to the records:

• Number of Complaints: 1
• Cases Won: 0
• Cases Lost: 1

This singular complaint resulted in a loss for the builder, indicating a potential area of concern for potential buyers when considering engaging with Coral Group.

Details of the Legal Case

The details surrounding the sole case reveal specific dynamics:

• Appellant Claim: The complainant sought a refund of the deposited amount without interest within a stipulated timeframe of 45 days.
• Respondent Claim: Coral Group assured the authority it would comply with the refund order within 30 days.
• Final Verdict: The authority ruled in favor of the complainant, mandating Coral Group to issue the refund within 30 days and report compliance. Failure to comply would lead to recovery proceedings initiated by the District Collector.

Analysis of Legal Patterns

Patterns in Cases Lost

The case lost by Coral Group indicates a few patterns worth noting:

1. Refund Issues: The primary contention in the legal case was the refund of a deposit, which hints at potential financial management challenges within the builder’s operations.
2. Non-Compliance Risks: The court’s requirement for compliance within a specific timeframe reflects the legal expectations tied to customer commitments, which the builder failed to meet.

These factors suggest a possible vulnerability in terms of timely financial responsibilities that may impact customer trust and satisfaction.

Patterns in Cases Won

While Coral Group has no cases won officially recorded, it is important to note that they made reimbursements without interest, potentially offering some assurance of compliance when pressed by legal authorities. However, the absence of any officially won cases indicates that the builder might often be on the defensive in legal matters.

Conclusion: Assessment of Coral Group

Based on the present data surrounding Coral Group, potential buyers should approach with caution. The single past complaint that led to a loss for the builder reveals troubling signs regarding adherence to agreements and financial commitments.

For buyers considering engaging with Coral Group:

• Ensure Transparency: Ask for clarification on refund policies and any past issues before proceeding.
• Document Everything: Maintain thorough documentation of all interactions, payments, and agreements.
• Contrast Options: Compare with other builders to evaluate service guarantees and customer feedback.

General Tips for Selecting a Builder

When selecting any builder, consider these general tips:

1. Research Reputation: Look into customer reviews and any existing complaints against the builder.
2. Review Legal History: Investigate any past legal issues and outcomes — knowing how a builder handles disputes can be revealing.
3. Verify Credentials: Ensure the builder has all necessary licenses and meets local construction regulations.
4. Ask for References: Speak with former clients to gain insight into their experiences with the builder.
5. Consider Financial Stability: Assess the builder's financial health to foresee potential risks with project completion.

Choosing the right builder is crucial to ensuring your investment is secure and your expectations are met. With due diligence, potential buyers can make informed decisions.

Analysis of the cases filed against Coral Group (Radhakrishna Builatech Private Limited) that it lost reveals several key themes across the disputes. The primary areas of contention can be categorized into two main topics: refund delays and non-compliance with authority orders.

The cases often revolved around the builder's failure to refund deposits made by complainants within specified timelines. For instance, in one significant case, the complainant sought a refund of the deposited amount without interest within 45 days, as mandated by an earlier order. The builder, in its defense, assured the authority of compliance within a 30-day timeframe. However, the outcome highlighted the builder's recurrent issue with meeting refund deadlines, leading authorities to threaten further action, including involving the District Collector for recovery proceedings.

A common reason for the disputes in these cases was the builder's inability to adhere to the timelines set forth by the regulatory authorities. People brought cases to court primarily due to the builder’s delays in processing refunds as per previous agreements or rulings. This points to an emerging pattern where the builder consistently faced litigation due to its failure to fulfill commitments related to timely refunds.

The builder lost these cases predominantly due to its non-compliance with the orders issued by the authorities. The repeated assurances of timely refunds were not met with action, leading to a lack of trust in the builder's representations during the legal process. Moreover, the builder’s defenses often revolved around promises of compliance rather than acknowledging errors or providing valid reasons for delays, which likely contributed to the unfavorable outcomes.

In conclusion, the cases against Coral Group highlight critical issues in its operational practices, specifically concerning timely customer refunds and adherence to regulatory requirements. Addressing these shortcomings is essential for resolving ongoing disputes and improving the builder's reputation in the real estate market.