| CIN | U70200HR2009PTC039709 |
|---|---|
| Year Established | Not Available |
| Address | 651-652, UDYOG VIHAR PHASE - V GURGAON GURGAON HR 122001 IN |
| Company Status | Private |
Overall Case Outcomes
Introduction
Fairwealth Housing Private Limited operates primarily in Rajasthan and has gained attention within the real estate sector. This blog aims to analyze the builder's legal standing through the lens of complaints and case outcomes to help potential buyers make informed decisions.
Legal Overview of Fairwealth Housing Private Limited
Complaints and Case Outcomes
Fairwealth Housing Private Limited has received a total of 40 complaints. Remarkably, the builder has won all 40 cases, with no losses to report. However, it is essential to note that these victories mostly stem from cases being dropped due to external legal processes rather than the builder's actions or failure to meet contractual obligations.
Legal Case Details
The legal cases concerning Fairwealth Housing Private Limited are intriguing for several reasons:
- All cases filed against the builder were dropped, primarily due to the initiation of the Corporate Insolvency Resolution Process (CIRP) against the respondent company, …
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, Fairwealth Housing Private Limited, which the builder won, revealed the following information. The cases primarily revolved around the initiation of the Corporate Insolvency Resolution Process (CIRP) against the builder. This legal framework often pertains to financial distress and aims to resolve debts while protecting the builders from litigation during the resolution period. As a result, several cases brought forth were dropped from the court's cause list owing to this ongoing process, indicating that the primary reason for bringing disputes to court was perhaps a misunderstanding of the implications of corporate insolvency and its effect on pending legal matters.
The recurring theme in these cases was the CIRP, which resulted in many disputes being put on hold. Potential reasons for the initiation of such claims may include contestations over penalties for delays, claims of project non-compliance, or financial grievances from clients. However, …
Individual case details available for subscribers.
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