FORTUNE RESOURCES PRIVATE LIMITED
- No of Complaints: 1
- States (Active in): Chhattisgarh
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the domain of real estate, selecting the right builder can significantly shape your property investment journey. One such builder under scrutiny is FORTUNE RESOURCES PRIVATE LIMITED, currently operating in Chhattisgarh. With a track record of being involved in legal complaints, it is essential to analyze their performance to aid potential buyers in making informed decisions.
Overview of FORTUNE RESOURCES PRIVATE LIMITED
FORTUNE RESOURCES PRIVATE LIMITED has been involved in the real estate market with projects solely in the state of Chhattisgarh. With one recorded complaint and an impressive track record of winning the sole case they faced, this builder raises both curiosity and caution for potential buyers.
Legal Case Analysis
Cases Lost
The solitary case filed against FORTUNE RESOURCES PRIVATE LIMITED resulted in a loss. The complaint was lodged by an applicant who alleged that the builder failed to finalize the registration of buildings despite having received payment. The builder, in response, claimed that similar issues were already part of a civil suit pending in the Hon'ble Sixth Civil Judge, Class-I, Raipur, Chhattisgarh. Furthermore, the authority dismissed the case, indicating it was not authorized to conduct hearings under the same circumstances already brought before the Civil Court.
Common Patterns in Lost Cases:- Lack of Documentation or Registration: The main theme in the lost case revolves around the builder’s alleged failure to complete essential administrative tasks such as property registration after payment.
- Legal Complications: The existence of parallel legal disputes may complicate similar cases, suggesting a pattern where ongoing legal issues may deter effective resolution.
Cases Won
Despite the builder's involvement in one case that resulted in a loss, they have successfully navigated one legal dispute, showcasing their ability to defend their interests in a court of law. The specifics surrounding the favorable outcome are not detailed; however, the ability to win a case indicates at least some level of operational compliance and effectiveness in legal representation.
Common Patterns in Won Cases:- Successful Legal Defense: The ability to win a case suggests the builder may possess competent legal teams and the necessary documentation to assert their standing in disputes.
Conclusion
Based on the provided data, FORTUNE RESOURCES PRIVATE LIMITED appears to have a mixed reputation. While their track record shows a single legal complaint with a win, the lost case raises concerns about the builder's procedural operations, particularly in property registration after payments are made. This scenario highlights the importance of due diligence when entering a contractual relationship with any builder.
Tips for Potential Buyers
- Verify Registration and Legal Documentation: Ensure that all building projects have proper registration paperwork in order before completing any purchase.
- Seek Legal Counsel: Consider consulting with a legal professional who specializes in real estate to understand the implications of any legal disputes the builder may face.
- Explore Past Projects: Evaluate the builder’s previous projects and speak to current residents to gauge satisfaction levels regarding ownership and registration processes.
General Tips for Buying from Any Builder
- Research the Builder’s Reputation: Look for reviews and feedback from previous buyers to assess trustworthiness.
- Check for Ongoing Litigation: Investigate if the builder is currently involved in multiple legal cases, which may indicate larger underlying issues.
- Request Detailed Contracts: Ensure you understand all clauses within the purchasing agreement to avoid potential disputes in the future.
By taking these precautions and conducting thorough research, potential home buyers can minimize risks and make informed decisions, particularly when dealing with builders such as FORTUNE RESOURCES PRIVATE LIMITED.
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Here you’ll find cases where others sued the builder, but the builder won. We’ve included a summary and key insights from each case.
An analysis of the cases filed against the builder, FORTUNE RESOURCES PRIVATE LIMITED, which the builder won, revealed the following information. The disputes primarily revolved around two key themes: 'Disputes over Registration Formalities' and 'Legal Proceedings for Existing Disputes'.
The cases often involved claims from applicants asserting that the builder failed to complete the formalities regarding the registration of buildings, despite the buyers having made payments. In many instances, the builder's defense successfully pointed out that similar disputes were already pending resolution in civil courts. This led to the dismissal of cases by authorities, who ruled that it was not legally permissible to conduct parallel hearings on the same issues in multiple venues.
The reasons for bringing these cases to court mainly stem from disputes over registration, refunds, and dissatisfaction with the builder's compliance with regulatory requirements. Patterns from the summaries suggest that many buyers, feeling aggrieved, opted for legal recourse rather than resolving their issues through direct dialogue with the builder. This can often indicate a misunderstanding of the legal landscape or a lack of clarity in the terms of sale.
On the other hand, the reasons for the builder's success in these cases are noteworthy. Many claims were dismissed due to insufficient evidence from the opposing parties or because the issues were already being adjudicated in a separate legal setting. The builder effectively utilized legal frameworks to ensure that multiple hearings on the same subject did not take place, thus securing favorable outcomes.
This analysis reflects a broader observation regarding the real estate market. It is not uncommon for buyers to make accusations against builders, which can lead to protracted legal disputes. FORTUNE RESOURCES PRIVATE LIMITED appears to have a robust strategy for defending itself against unjust claims, establishing a strong reputation in navigating the complexities of real estate law.
In conclusion, potential buyers are encouraged to make informed decisions when entering the real estate market. While legitimate disputes certainly exist, the analysis of these cases indicates that builders like FORTUNE RESOURCES PRIVATE LIMITED can successfully defend themselves against unjust accusations. Buyers should approach claims with diligence and seek reliable information before forming opinions about a builder's reputation.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| A-208-00247 | Chhattisgarh | The applicant, Shri Amit Kumar Singh, filed a com… | ["Parallel hearing"… | {"appellant_claim": "The applicant claimed that t… | Shri Amit Kumar Sin… | Fortune Resources P… | https://rera.cgstate.gov.in/Content/ComplaintDocuments/Application_M-PRO-2019-00247/FILE_FINAL_ORDER_fc33118c-a2e4-429d-984d-00cec3d74ab6.pdf |