| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Understanding PRIME PROPERTIES: A Close Look at Their Performance and Buyer Considerations
When exploring potential builders for real estate projects, it's essential to analyze their track record and legal history. One such builder is PRIME PROPERTIES, which operates primarily in Odisha. This blog post delves into the legal performance of PRIME PROPERTIES based on the data available, offering insights for prospective buyers.
Legal Case Overview
PRIME PROPERTIES has encountered a total of two cases in the legal arena—one they lost and one that involved a penalty but was effectively a win from a procedural standpoint. Here’s a closer look at the particulars of these cases:
Cases Lost
- Single Case Lost: The builder has one recorded case that they lost. The case details suggest that the primary issue involved the builder's failure to submit the Quarterly Progress Reports (QPRs), leading the court to impose a penalty of Rs. 10,000. This …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Prime Properties that the builder lost reveals several key themes across the disputes. The cases highlight ongoing issues in three primary areas: regulatory compliance, delay-related disputes, and failures in documentation submission.
In terms of regulatory compliance, there are instances where the builder was held accountable for non-adherence to required processes, leading to legal ramifications. The verdicts indicate a pattern where the builder faced penalties for failing to comply with critical regulatory requirements, such as submitting necessary project reports on time.
Delay-related disputes constitute another significant theme in these cases. Although the specifics of project delays are not detailed in the summary, it is clear that there are recurring issues attributed to either the builder's actions or inactions, resulting in legal challenges. Common reasons for these disputes typically revolve around the builder's failure to meet project timelines or allegations of mismanagement of project schedules.
The …
Individual case details available for subscribers.
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