| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
NEO INFRASTRUCTURE: A Builder Under Scrutiny
In the competitive landscape of real estate, the reputation of a builder can significantly impact buyer decisions. One such builder, NEO INFRASTRUCTURE, located in Karnataka, has garnered attention due to its recent legal challenges. This post aims to provide potential buyers with an overview of the builder’s business practices, legal encounters, and some tips for making informed purchasing decisions.
Legal Case Overview
NEO INFRASTRUCTURE has a record of one complaint filed against it, resulting in a case lost. The details of the case shed light on the issues faced by the builder:
- Complaint Details: The complainant accused NEO INFRASTRUCTURE of failing to refund an advance booking amount of Rs. 2,00,000. As per the complainant, despite the payment, the builder did not provide the promised refund, leading them to seek the return of their money.
- Builder’s Defense: In response, NEO INFRASTRUCTURE claimed that they had …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against the builder NEO INFRASTRUCTURE, which it lost, revealed several key themes and patterns. The primary disputes can be categorized into two main topics: Refund Disputes and Insufficient Funds Claims.
The cases often revolved around the builder's failure to provide promised refunds to buyers, with the builder claiming that they had issued post-dated cheques that bounced due to insufficient funds. This points to a troubling trend where buyers were unable to recover their advance bookings, leading to dissatisfaction and legal action.
Common reasons for bringing cases to court included seeking refunds, disputing the builder's claims of having fulfilled their obligations, and allegations of financial mismanagement by the builder. The builder's recurrent use of post-dated cheques that ultimately bounced indicates a potential systematic issue with their financial operations, which could have triggered multiple lawsuits.
The builder lost these cases primarily due to …
Individual case details available for subscribers.
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