| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the world of real estate, potential buyers often face the daunting task of selecting a trustworthy builder. One such entity, Prakruti Enterprise, has made its mark in Gujarat. This blog post delves into the builder's legal track record, including complaints, cases won, and lost, to provide valuable insights for potential investors.
Complaints and Legal Record
Prakruti Enterprise has been subject to a single complaint, reflecting a relatively low level of customer dissatisfaction compared to other builders in the sector. However, it is important to note that this complaint resulted in a lost case for the builder.
Case Overview
The one notable legal case against Prakruti Enterprise involved a claim by the Gujarat Real Estate Regulatory Authority (RERA). The builder failed to submit the annual audit report (Form-5) within the stipulated timeframe. As a consequence, RERA imposed a penalty of Rs. 40,000 on Prakruti Enterprise. This situation points to …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Prakruti Enterprise that it lost reveals several key points across the spectrum of its legal disputes. The cases highlight two primary themes: regulatory compliance issues and delays in submitting mandatory reports.
In terms of regulatory compliance, Prakruti Enterprise faced challenges that reflect a broader trend in the real estate sector. Builders often find themselves at odds with regulatory authorities due to misunderstandings or failures to adhere to the complexities of legal requirements. This may involve anything from improper project documentation to non-compliance with municipal orders, each of which can trigger legal action.
The delay in submitting mandatory reports, specifically the annual audit report (Form-5) in this case, is a significant concern. Such reports are crucial for maintaining transparency and ensuring that builders fulfill their obligations. The late submission of these reports not only incurs penalties but also raises questions about the builder's …
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