PIRAMAL CAPITAL AND HOUSING FINANCE LIMITED
- States Active In: Gujarat, Haryana, Karnataka, Maharashtra, Odisha, Punjab, Rajasthan
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
Piramal Capital and Housing Finance Limited has made its mark in the real estate sector across several states in India, including Gujarat, Haryana, Rajasthan, Punjab, Odisha, Maharashtra, and Karnataka. However, amidst its operations, the company has also faced a notable number of legal challenges. In this blog post, we delve into the builder's legal history, analyzing complaints, outcomes, and what prospective buyers should keep in mind when considering purchasing a property from this builder.
Legal Overview
Piramal Capital and Housing Finance Limited has been involved in a total of 37 complaints. Out of these, the builder won 5 cases and lost 32 cases. This stark contrast in outcomes raises questions regarding their business practices and customer service.
Winning Cases
The builder has a history of filing cases; they won 1 case. In this instance, the appeal concluded with both parties settling amicably, marking a positive resolution …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Piramal Capital and Housing Finance Limited, where the builder lost, reveals significant insights into the common themes and disputes surrounding their projects.
The cases can be broadly categorized into several types, including delayed possession claims, abandonment of projects, refund disputes, failure to complete transactions, and non-compliance with RERA regulations. Each of these themes highlights the challenges faced by buyers in dealing with this builder.
Delayed possession claims were among the most frequent, with numerous complainants alleging that the builder failed to deliver units within the promised timelines. This was often attributed to various reasons provided by the builder, such as unforeseen circumstances and force majeure events. However, the authorities did not accept these defenses and consistently ruled in favor of the buyers, indicating a pattern where the builder's excuses for delays were insufficient.
The abandonment of projects was another recurring theme. …
Individual case details available for subscribers.
Cases Won by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed by the builder, Piramal Capital and Housing Finance Limited, which it won, revealed the following information. The identified areas of disputes show the builder's common engagement in settlement negotiations with opposing parties, which often leads to case closures without the need for extensive court proceedings.
The cases predominantly involve themes of settlement of claims, indicating that both parties may have found a middle ground, which eliminated the necessity for litigation. This is a critical aspect, as these settlements often suggest an effort from the builder to mitigate lengthy court battles and reach a mutually agreeable outcome.
A notable pattern emerges in the builder's strategies, with common reasons for filing these cases generally centering around contesting penalties and addressing disputes related to project timelines that may involve external factors. The analyses suggest that Piramal Capital has often defended itself against claims of delays or other …
Individual case details available for subscribers.
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, Piramal Capital and Housing Finance Limited, which the builder won, revealed the following information. The cases predominantly fell into three common themes: amicable settlements, questions surrounding the registration of landowners as promoters, and disputes relating to land ownership claims.
In several instances, cases were disposed of amicably, indicating that parties could reach settlements outside of court, which often suggests a workflow focused on collaboration rather than prolonged litigation. Another significant area of conflict arose from disputes over whether landowners should be classified as promoters, with applicants seeking interim relief and demanding registration based on their involvement in project development. However, the builder's defense effectively highlighted that the classification of a landowner as a promoter relies on merits which remain to be examined during final appeals rather than at preliminary stages of filing.
Buyers and regulatory bodies brought cases against …
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