| 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 and construction industry, the reputation of a builder can significantly influence potential buyers' decisions. Prakash Hospital Private Limited, primarily operating in Haryana, has recently garnered attention due to its legal standings. This blog post delves into the builder's complaint record, litigation outcomes, and what prospective buyers should consider.
Legal Standing of Prakash Hospital Private Limited
Prakash Hospital Private Limited has faced a total of two complaints, and notably, it has won both cases. In both instances, the complainants sought a refund of the total amounts paid to the builder along with interest. The builder contested these complaints based on the timing of the agreements relative to the enactment of the governing Act, 2016. Despite this defense, the authority directed the builder to refund the amounts along with interest at a rate of 10.70% per annum.
Winning Cases: Patterns and Insights
A …
Cases Won by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed by the builder, Prakash Hospital Private Limited, which it won, revealed the following information. The cases primarily revolved around two key themes: refund requests from complainants and legal interpretations of past agreements. Both themes highlight common antecedents where buyers sought to reclaim their invested funds, often citing dissatisfaction or perceived non-compliance from the builder's side. However, in each instance, the builder demonstrated a robust defense against these claims.
In the realm of refund requests, the summary shows that complainants often sought to reclaim their total investments along with interest, raising allegations of the builder's failure to meet transactional obligations. However, the builder consistently refuted these claims by emphasizing the legal parameters concerning the agreements signed prior to the enactment of the Act, 2016. This introduction of legislative nuances acted as a strong foothold for the builder's defense, showcasing a clear understanding of legal provisions.
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