| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the competitive landscape of the real estate industry, it is crucial for homebuyers to research builders thoroughly before making a decision. Parakh Builders & Developers, operating primarily in Madhya Pradesh, has garnered attention due to its recent legal challenges. In this article, we will dive into the builder's performance based on available data, exploring their legal track record and providing insights to potential buyers.
Legal Case Overview
Parakh Builders & Developers has faced a total of one legal complaint, resulting in a loss for the builder. The case involved an applicant who claimed that the builder failed to complete the development work and didn’t provide possession of the building within the agreed timeline. In contrast, the builder contended that the applicant was at fault for not paying the full amount, attributing the delay to natural calamities and various technical issues.
Despite the builder’s defense, the ruling authority sided …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Parakh Builders & Developers, where the builder lost, revealed several key themes across the disputes. The cases primarily revolved around two main topics: delayed possession claims and disputes over payment and project delays.
The delayed possession claims predominantly involved allegations from the applicants that the builder failed to complete development work and grant possession of the building within the agreed-upon timeframe. This theme highlights a significant area of concern for potential buyers regarding the builder's reliability in meeting project timelines.
The disputes over payment and project delays, on the other hand, typically involved counterclaims from the builder that the delays were caused by either insufficient payment from the applicants or unforeseen circumstances such as natural calamities. This indicates a pattern where the builder may be deflecting responsibility for delays by attributing them to external factors rather than internal project management issues.
Common reasons for …
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