| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the landscape of real estate development, choosing the right builder can significantly impact the success of your investment. One entity carving a niche in Gujarat is the PSY Foundation. In this blog post, we will delve into the builder's track record, analyze the complaints and legal cases against them, and provide practical advice for potential buyers.
Performance Overview
The PSY Foundation has maintained a relatively clean record with only one complaint logged against them. Notably, they have successfully resolved this issue, resulting in a clean slate with one case won and zero cases lost.
Legal Case Insights
Case Details
The builder faced a legal case wherein they allegedly failed to submit the Annual Audit Report (Form-5) for the financial year 2018-19 related to their project 'Pramukh Orchid'. The appellant claimed that this failure stemmed from a technical glitch, while the respondent, PSY Foundation, corroborated the existence of this …
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, PSY Foundation, which the builder won, revealed the following information. The cases primarily revolved around themes such as Regulatory Non-compliance, Submission Delays, and Disputes Over Documentation. Each category showcases the nature of conflicts encountered by the builder and the resolutions achieved in court.
The recurring claims made by the opposing parties often centered around allegations of inadequate compliance with financial reporting and documentation submissions, as evidenced by allegations regarding the failure to submit Annual Audit Reports in a timely manner. These claims indicate a tendency among buyers or stakeholders to contest delays in documentation submissions, which they perceive as deficient transparency or accountability from the builder. Such disputes may arise from misunderstanding or miscommunication regarding the intricacies of project reporting requirements.
The reasons behind the judgments favoring PSY Foundation can be attributed to several critical factors. In the evaluated case, the …
Individual case details available for subscribers.
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