| CIN | U45201KA2011PTC057194 |
|---|---|
| Year Established | Not Available |
| Address | FlatNo.G1,Sohan RNR Icon,Sy No.14,Off ITPL Service Road,Near Alpine Eco Apartments,Doddanekkundi Extn Marathahalli Bangalore KA 560037 IN |
| Company Status | Private |
Overall Case Outcomes
Introduction
In the competitive world of real estate, choosing the right builder is of paramount importance for potential homebuyers. Today, we take a closer look at FORTUNA URBANSCAPE Private Limited, a builder based in Karnataka, to understand their reputation through the lens of legal disputes and customer experiences. In this post, we will dissect the complaints against the builder, analyze the outcomes of legal cases, and provide insights for potential buyers.
Overview of Legal Cases
FORTUNA URBANSCAPE Private Limited has faced a total of 2 complaints, both of which resulted in losses for the builder. Both cases centered around the complainants seeking refunds of amounts paid to the builder. In both instances, the builder claimed to have taken over the project after insolvency proceedings and offered revised rates for continuation, but the verdict did not favor them.
Case Summaries:
- First Case: The complainants sought a refund of their payments …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Fortuna Urbanscape Private Limited, where the builder lost, reveals several key themes and patterns. The primary disputes revolve around refund claims made by complainants who sought to recoup amounts they had paid to the builder. In each case summarized, the complainants requested a refund due to the builder's inability to deliver properties on time or as promised.
The builder's defense consistently cited their takeover of the project after insolvency proceedings, during which they offered revised rates for continuation. However, this defense did not stand, as the National Company Law Tribunal (NCLT) ruled in favor of the complainants, indicating that the builder's revised terms were not acceptable as a valid continuation of the original agreements. Hence, the complainants were entitled to refunds of their principal amounts, albeit with applicable deductions and without interest.
A common trigger for these legal disputes appears to be the builder's …
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