| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Icon Realty: A Builder's Snapshot
In the highly competitive real estate market of Gujarat, Icon Realty stands out not only for its offerings but also for its legal standing. With a minimal number of complaints filed against it, this builder presents an interesting case study for prospective homebuyers.
Overview of Icon Realty
Icon Realty, while relatively new to the scene, has already established a reputation in Gujarat. Their track record shows that they have faced only one complaint which they successfully resolved, and they have not lost any other significant legal battles aside from one case concerning the timely submission of an annual audit report.
Legal Case Breakdown
Filed Cases
- Case Lost: The sole case where Icon Realty was involved featured claims by an appellant about the delayed submission of the annual audit report for the financial year 2020-21. Fixing timelines is crucial in the real estate sector, yet …
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, Icon Realty, which the builder won, revealed the following information. The disputes highlighted in these cases revolve around a few common themes, primarily focusing on non-compliance with regulatory requirements and delayed submissions, particularly relating to financial audits. The appellant in the case examined claimed that Icon Realty failed to submit the annual audit report for the financial year 2020-21 within the prescribed time limit. In response, the builder contended that the delay was attributed to the need to obtain completion certificates and registration of the society, showcasing a common scenario where builders face delays that stem from broader administrative issues rather than their direct actions. This case demonstrates the theme of delayed submissions or reports and how they can arise from interrelated regulatory processes.
The reasons behind cases like these often include claims of project delays, disputes over compliance with municipal …
Individual case details available for subscribers.
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