| CIN | L45200DL2006PLC154848 |
|---|---|
| Year Established | 18-Oct-06 |
| Address | 1201 B, 12th FLOOR HEMKUNT CHAMBER, 89 NEHRU PLACE NEW DELHI DL 110019 IN |
| Company Status | Public |
An In-Depth Review of MVL Limited: Understanding Their Legal Standing
When looking for a builder, it's crucial to consider their track record in terms of customer satisfaction and legal history. One builder worth analyzing is MVL Limited, which has been operating primarily in Rajasthan. In this blog post, we take a closer look at the legal cases involving the builder, their outcomes, and what potential buyers should keep in mind when considering a purchase from them.
Legal Case Overview
As per the available data, MVL Limited has had one recorded complaint against them. The details of this legal case shed light on the builder's approach to customer grievances and how it interacts with regulatory authorities.
Summary of the Case
- The complainant alleged that MVL Limited failed to refund the amount received, even after an order was issued by the Authority.
- In response, MVL Limited maintained that the Authority did not have the competency to mandate such a refund or compensation. The builder also mentioned that a provisional liquidator had been appointed for the company.
- The final verdict resulted in the Authority directing MVL Limited to refund the amount with interest, along with a notice to the provisional liquidator to appear for proceedings.
Analysis of Legal Patterns
Cases Won vs. Cases Lost
- Cases Won: While the builder has won no cases, it is important to note that they did actively contest the complaint brought against them. Their argument suggested a level of operational engagement, as they appealed against the Authority’s ruling.
- Cases Lost: MVL Limited's lost case indicates a potential pattern of oversight regarding customer refunds. The decision in favor of the complainant highlights a significant issue: the builder's inability or unwillingness to comply with financial obligations can lead to legal consequences.
Conclusion
Based on the available information, MVL Limited has a limited number of legal cases, with one notable complaint that resulted in a loss for the builder. This outcome highlights potential weaknesses in their client relations and adherence to regulatory rulings, which could be alarming for potential buyers.
Tips for Potential Buyers Considering MVL Limited
- Conduct Comprehensive Research: Before engaging with MVL Limited, research their reputation across different platforms. Look for any additional reviews that might not be reflected in legal cases.
- Clarify Financial Terms: Ensure that all financial terms are clear. Given the past legal issues regarding refunds, it would be wise to have all payment terms documented and agreed upon before making any transactions.
- Seek Legal Advice: If you're considering a significant investment, seeking legal counsel to review any contracts or agreements can safeguard your interests.
General Tips for Buyers When Selecting Any Builder
- Investigate Legal History: Review the builder's legal history to identify any trends in complaints or rulings.
- Check References and Reviews: Speak with previous clients to get firsthand accounts of their experiences.
- Review Quality of Work: Visit completed projects to evaluate the quality of construction and customer satisfaction.
- Understand Warranties and Guarantees: Ensure clarity on construction warranties and what protections exist in case of issues.
In summary, while MVL Limited operates within Rajasthan and has a legal track record that may cause hesitation among potential buyers, informed decision-making and thorough vetting of such builders can enhance consumer confidence.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against MVL Limited, where the builder lost, reveals several key themes and patterns. The primary disputes can be categorized into three main topics: Refund Disputes, Competence of Authority, and Provisional Liquidation.
The cases often revolved around the builder's failure to comply with the Authority's orders, particularly concerning refunds. In one notable instance, the complainant claimed that MVL Limited did not refund the amount received despite the Authority's order. This highlights a significant area of concern, as it reflects a broader trend of dissatisfaction with the builder's adherence to regulatory requirements.
Common reasons for bringing cases to court included contesting the builder's obligations to provide refunds, challenging the Authority's competence to order such actions, and navigating the complexities introduced by the appointment of a provisional liquidator. The builder's defense often hinged on claims of insufficient authority on the part of the regulators, which suggests a fundamental misunderstanding of the legal framework governing real estate transactions in this context.
The builder lost these cases primarily due to their failure to comply with clear regulatory directives, coupled with a lack of compelling evidence to support their claims of misauthority by the governing bodies. The appointment of a provisional liquidator further complicated matters, as it introduced an additional layer of legal obligation that MVL Limited was unable to fulfill adequately.
Overall, these cases underscore the importance of transparency, compliance, and clear communication in real estate dealings. Buyers should be wary of builders with a history of such legal disputes, as it may indicate a pattern of behavior that could result in significant losses for homeowners. It is crucial for potential buyers to conduct thorough research and consider these factors before making any purchase decisions.
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 |
|---|---|---|---|---|---|---|---|
| RAJRERA-C-2017-2024 | Rajasthan | The complainant, S K Kardam, filed a complaint ag… | ["Refund of amount"… | {"appellant_claim": "The complainant claimed that… | S K Kardam | ML Limited | https://rera.rajasthan.gov.in/Content/pdf/sk kardam.pdf |