| CIN | U40105DL2004PLC127584 |
|---|---|
| Year Established | Not Available |
| Address | A16/B1 MOHAN CO-OPERATIVE INDUSTRIAL ESTATE MAIN MATHURA ROAD , NEW DELHI, Delhi, India - 110044 |
| Company Status | Public |
Overall Case Outcomes
Introduction
In the competitive real estate market, potential buyers must conduct thorough due diligence before investing in properties. One crucial aspect of this analysis is understanding the builder's track record, particularly regarding legal disputes and customer satisfaction. This blog post examines the legal performance of Piyush Colonisers Limited, highlighting both the complaints lodged against them and their results in legal battles.
Legal Overview
Piyush Colonisers Limited, operating in the states of Haryana and Rajasthan, has faced a significant number of legal challenges. With a staggering 471 complaints registered against them, the company has experienced notable scrutiny regarding various real estate projects.
Cases Lost: Patterns and Common Factors
Out of the 471 complaints, Piyush Colonisers Limited has lost 436 cases, indicating a troubling trend for potential buyers. A closer look at these cases reveals some common factors:
- Incompletion of Projects: Many losing cases center around allegations of project abandonment or …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Piyush Colonisers Limited, where the builder lost, revealed significant insights into their business practices and the challenges faced by their clients. The cases cover a range of aspects primarily related to unfinished projects, delays, and disputes over refunds.
The most prevalent theme among these cases is the "Refund Claims Due to Abandoned Projects." Numerous complainants cited that they had paid substantial amounts of money for plots or apartments in projects that were never completed. The builder's inability to deliver on their promises led to multiple refund requests, which were often met with a lack of response or action from the builder, resulting in legal recourse.
"Delayed Possession Claims" is another common theme in these cases. Many of the complainants had been waiting for years to receive possession of their properties, only to find that the projects were either delayed indefinitely or abandoned altogether. This …
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, Piyush Colonisers Limited, which the builder won, revealed the following information.
- Corporate Insolvency Proceedings: A significant number of complaints were stayed due to the initiation of Corporate Insolvency Resolution Process (CIRP) against Piyush Colonisers Limited. This led to several cases being unable to proceed until the CIRP concluded, highlighting the impact of insolvency laws on ongoing disputes in the real estate sector.
- Delayed Possession Claims: Cases centered around delays in possession, including issues such as late issuance of sale deeds. These were often linked to the builder's ongoing CIRP and led to stays on proceedings.
- Regulatory Non-compliance: Some cases involved allegations against the builder for not adhering to regulatory requirements, such as project registration under the Real Estate (Regulation and Development) Act, 2016. In one instance, the builder was found liable and a penalty …
Individual case details available for subscribers.
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