NAHALCHAND LALOOCHAND PRIVATE LIMITED

Introduction

In the realm of real estate, selecting the right builder is crucial for ensuring a smooth property transaction and securing an investment that appreciates over time. NAHALCHAND LALOOCHAND Private Limited, a prominent builder operating in Maharashtra, has garnered attention due to its legal track record. This blog examines the builder's performance based on the available data on its legal disputes with clients.

Overview of Legal Cases

NAHALCHAND LALOOCHAND Private Limited has been involved in a total of 14 cases, 8 of which resulted in complaints against them. Out of these, the builder won 2 cases and lost 6, showcasing a significant disparity in outcomes.

Patterns in Lost Cases

The majority of lost cases (6 out of 8) reveal recurring issues related to defaulting on payments. In each of these cases, the appellant (typically the buyer) asserted that the builder had unjustifiably terminated agreements, while the builder claimed the appellants …

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The analysis of the cases filed by the builder, NAHALCHAND LALOOCHAND Private Limited, which were lost, revealed some recurring themes and insights about their litigation patterns. Upon closer examination, the cases can be grouped into three main types: Payment Disputes, Delay in Possession, and Parking Space Compliance.

1. Payment Disputes: A significant portion of the cases revolved around allegations of payment defaults, where the builder claimed that respondents had not made necessary payments. However, the respondents counter-claimed, pointing out that it was the builder who had defaulted and forfeited amounts. This indicates a tug of war, with both parties accusing each other of financial irresponsibility.
2. Delay in Possession: Another common theme is the issue of delay in handing over possession of properties. The builder was often held liable for delays and mandated to pay interest to respondents as a result. This demonstrates a consistent failure to meet agreed-upon timelines, …

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An analysis of the cases filed by the builder, NAHALCHAND LALOOCHAND Private Limited, which it won, revealed the following information.

The cases predominantly revolved around a few key themes. Firstly, there were numerous instances of termination of agreements, specifically the Agreement for Sale (AFS). The builder often contested the legitimacy of terminations by asserting they were unjustified. Additionally, there were disputes over regulatory compliance where the builder defended its actions against claims asserting that these regulatory measures warranted penalties or actions against them. Lastly, a recurrent theme was the interest claims in case of defaults, which often tied back to sections under the Real Estate (Regulation and Development) Act, highlighting the builder's stance on ensuring financial compliance from all parties involved.

The common reasons for which the builder brought these cases to court typically involved contesting penalties related to alleged project delays, disputes about the termination …

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