| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the realm of real estate, making an informed choice is of utmost importance. For prospective buyers in Delhi, Platinum Multistate CHS Limited emerges as an intriguing though concerning option, given their significant legal struggles. This blog analyzes the builder's legal history, shedding light on key trends, potential risks, and offering valuable tips for potential homebuyers.
Legal History Overview
Platinum Multistate CHS Limited has faced 4 significant legal complaints, all of which they lost, illustrating a troubling pattern in their business practices. The crux of complaints revolved around issues such as failure to deliver timely possession and improper use of deposited funds, raising concerns for potential buyers.
Analysis of Legal Cases
Cases Lost
The 4 cases filed against Platinum Multistate CHS Limited reveal consistent issues:
- Failure to Deliver Timely Possession: Multiple complaints centered on the builder's inability to provide timely possession of booked units. Complainants sought refunds …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Platinum Multistate CHS Limited, where the builder lost, revealed several key themes and patterns. The cases primarily revolved around two types of claims: refunds sought under Section 18(1) of the Real Estate (Regulation and Development) Act, 2016 (RE (RD) Act), and claims due to delayed possession of booked units.
The refund claims often cited the builder's failure to comply with the RE (RD) Act, particularly sections 18 and 12. The builder consistently argued that the monies collected were for the purchase of land under the Land Pooling Policy of the Delhi Development Authority (DDA) and not for flats or apartments. However, the verdicts favored the complainants, indicating that the builder's reasoning did not align with regulatory requirements.
Delayed possession claims also emerged as a significant concern, with complainants seeking refunds due to the builder’s inability to deliver units on time. The builder's defense again …
Individual case details available for subscribers.
Builder Reviews
No reviews for this builder yet. Be the first one to share your thoughts!