| CIN | U45200MP2012PTC027687 |
|---|---|
| Year Established | Not Available |
| Address | KHASRA NO. 8/1/1, VILLAGE MUNDLABAG PATWARI HALKA 60, TEHSIL SANWER , INDORE, Madhya Pradesh, India - 452001 |
| Company Status | Private |
Overall Case Outcomes
Introduction
In the world of real estate, the reputation and legal standing of a builder play a crucial role in a buyer's decision-making process. One such builder is Premshree Devcon Private Limited, which operates primarily in Madhya Pradesh. This blog aims to delve into the legal aspects surrounding this builder, shedding light on the complaints filed against them, the outcomes of various cases, and ultimately providing guidance for potential buyers.
Overview of Premshree Devcon Private Limited
Premshree Devcon Private Limited has recorded a total of 35 complaints. Of these, they have won 14 cases and lost 21 cases. This data is essential for gauging the builder's reliability and compliance with legal norms.
Analysis of Legal Cases
Cases Lost by the Builder
Upon examining the 21 cases that Premshree won, certain notable patterns emerge:
- Ongoing Legal Proceedings: A significant number of lost cases stem from the claimants …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Premshree Devcon Private Limited, which it lost, revealed significant insights into the builder's operational practices and the common themes emerging from these disputes.
The cases can be broadly categorized into several types, including delayed possession claims, refund and compensation disputes, project delays attributed to unforeseen circumstances, disputes over design changes and compliance, and failure to provide possession as per the agreement.
Many of the cases revolved around the builder's inability to deliver possession of flats within the stipulated time, leading to claims for refunds, interest, and compensation from the buyers. Buyers commonly contested the builder's reasons for the delays, which often included unforeseen circumstances such as droughts, changes in government policies, and the death of directors. However, the adjudicating bodies did not accept these defenses in many instances, highlighting a pattern where builders may overly rely on external factors to justify significant …
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, which the builder won, revealed the following information. Several key themes emerged from the cases, each representing recurring issues encountered by buyers.
The most prominent disputes included 'Delayed Possession Claims' where buyers alleged that the builder failed to deliver the properties as promised; 'Pending Cases Before National Company Law Tribunal,' which involved multiple applications being rendered inconclusive due to existing legal proceedings; 'Refund Claims for Non-completion or Non-delivery', which highlighted demands for refunds when buyers felt their properties were not delivered on time or at all; 'Disputes over Contract Validity', where applicants claimed entitlement to refunds despite lacking contractual agreements; and 'Outstanding Payment Disputes', where builders defended claims based on the assertion that buyers had not fulfilled their end of the financial commitment.
A closer examination of these cases reveals that they stemmed from various grievances including contesting penalties, claims of …
Individual case details available for subscribers.
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