| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Evaluating Prakwood Developers: Insights into Their Legal Track Record
When it comes to investing in real estate, choosing a reliable builder is crucial. In this blog post, we will take a closer look at Prakwood Developers Private Limited, a real estate builder based in Punjab, and analyze their legal history to provide insights for potential buyers.
Overview of Prakwood Developers Private Limited
Prakwood Developers Private Limited operates primarily in Punjab and has been involved in legal cases concerning their commitment to deliver properties on time. This builder has received one complaint, which has resulted in a legal battle that ultimately led to a loss for them.
Legal Case Breakdown
Prakwood Developers has faced one legal case, which they lost. To understand the implications, let’s examine the details:
- Appellant's Claim: The complainant paid 90% of the total amount for a flat, expecting to receive possession within the stipulated …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Prakwood Developers Private Limited, where the builder lost, reveals several key themes and key patterns in the disputes. The cases primarily revolve around delayed possession claims, with complainants often citing that they had paid a significant portion of the total amount owed yet faced prolonged waiting periods before receiving possession of their flats.
A common defense presented by the builder was the contention that delays were caused by circumstances beyond their control, such as a ban on construction materials in the state. However, the legal framework did not accept this defense at face value, and the builder was consistently held liable for failing to meet contractual obligations. This leads to a broader theme of accountability, wherein builders are expected to fulfill their commitments despite potential challenges.
The verdicts also highlight a significant aspect of compensation for harassment and delay. In the case outlined, the …
Individual case details available for subscribers.
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