| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
Lakshmi Developers, a notable name in the real estate sector, primarily operates in Gujarat. As prospective homebuyers navigate their choices, understanding a builder's performance – particularly through customer complaints and legal challenges – is crucial. This article analyzes the complaints and legal outcomes related to Lakshmi Developers, providing insights to potential buyers.
Overview of Legal Standing
Lakshmi Developers has recorded a total of 1 complaint, with the builder having won that case. Impressively, there are no recorded losses against the builder, establishing a solid legal reputation overall within the limited scope of complaints.
Case Analysis
Cases Lost
While Lakshmi Developers has a strong track record of winning cases, there is one recorded instance where the builder faced a significant challenge. In this case, the complainant claimed that the builder failed to refund the deposit with interest after the allotment cancellation. The authority ultimately decided that the builder must pay …
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, Lakshmi Developers, which the builder won, revealed the following information. The disputes primarily fell under two recurring themes: Refund Disputes and Claims over Cancellation of Allotments.
Under the theme of Refund Disputes, the complainants commonly alleged that the builder had failed to refund amounts deposited with interest following the cancellation of property allotments. In contrast, the builder successfully argued that the complainants had accepted the cancellation and thus waived any entitlement to interest or refunds beyond the principal amount.
These cases were brought to court mainly due to claims from buyers asserting their rights to refunds despite having accepted cancellations, leading to a conflict over whether the builder was liable for interest or if the buyer had relinquished such claims by their acceptance of the cancellation terms. The patterns suggest that buyers may sometimes misunderstand the implications …
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