| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
Piramal Housing Finance Limited, a player in the real estate financing landscape, has recently garnered attention due to its legal entanglements. With only one recorded complaint against it, the builder's case history is minimal yet telling. This blog post delves into the legal challenges faced by the company, unpacks the outcomes, and provides insights for prospective buyers.
Legal Case Overview
The legal case brought against Piramal Housing Finance Limited stemmed from a complaint by a consumer who alleged that a housing project was abandoned. The complainant sought the refund of the amount paid, including interest and compensation. In this single instance:
- Appellant Claim: The complainant contended that the project was not progressing, thereby justifying a demand for a refund.
- Respondent Claim: Piramal Housing Finance countered by asserting that the project was not abandoned and defended its position.
- Final Verdict: The authority sided with the complainant, ordering …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Piramal Housing Finance Limited, where the builder lost, reveals several key themes and key patterns in the disputes. The cases primarily revolve around claims of project abandonment, resulting in claims for refunds, interest, and compensation from the complainants.
One of the most notable themes in these cases is the claim of project abandonment. The complainants often argued that the project had been left unfinished or deserted, which entitled them to a refund of their investment, along with interest and compensation for the distress and financial loss caused. In response, the builder would typically contest this claim by arguing that the project was still active and that the complainants were not eligible for a refund.
A common reason for the disputes in these cases was the differing interpretations of what constitutes project abandonment. Complainants would often point to a lack of progress or …
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