| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Overview of Maruti Corporation
Maruti Corporation is a builder operating in Gujarat, with a focus on residential projects. While they have made contributions to the real estate market, their legal history raises concerns that potential buyers should consider.
Legal History
Maruti Corporation has faced one formal complaint, resulting in a legal case that they ultimately lost. The case revolved around the failure to register agreements for sale, which is a critical legal requirement in property transactions.
Case Details
In the legal proceedings, Maruti Corporation claimed to have sold 31 units and collected more than 10% of the total cost from several buyers. However, the Gujarat Real Estate Regulatory Authority (GERAA) determined that the company had not registered these agreements for sale, violating statutory obligations.
The authority found that:
- Maruti Corporation collected deposits without proper registration.
- This misstep resulted in a legal dispute, where the builder acknowledged their failure to comply …
Cases Lost by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed by Maruti Corporation, which it lost, reveals significant insights into the builder's recurrent disputes and the legal landscape they operate within. These cases predominantly revolve around regulatory non-compliance, particularly concerning the registration of agreements for sale. In the instance highlighted, Maruti Corporation was unable to comply with the legal requirements for registering sales agreements, leading to penalties and enforcement from authorities like the Gujarat Real Estate Regulatory Authority.
The kinds of issues faced by the builder can be grouped under the themes of regulatory non-compliance, contractual disputes with buyers, monetary penalties resulting from violations, and issues surrounding the lack of formal agreements. The regulatory non-compliance came to the forefront when Maruti Corporation collected more than 10% of costs from buyers without duly registering these agreements, which is a clear violation of real estate laws. This not only impacted their legal standing but also damaged their …
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