| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
When it comes to selecting a reliable builder for your dream home, due diligence is paramount. One builder that has caught attention in Gujarat is the PSY Group. In this post, we will analyze the performance of PSY Group based on legal complaints and outcomes to provide potential buyers with crucial insights.
Legal Overview of PSY Group
PSY Group has registered a total of 1 complaint against them in the realm of real estate, specifically under the provisions of the Real Estate (Regulation and Development) Act (RERA). Notably, the builder has won 0 cases and lost 1 case. This statistic immediately raises concerns about the builder’s adherence to regulations and customer satisfaction.
Case Analysis
Cases Lost
The single legal case against PSY Group highlights a concerning trend. The authority determined that the builder had violated the provisions of Rule-10(b) of 2016 under the RERA Act. As a consequence of …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against PSY Group, where the builder lost, reveals several key themes across the disputes. The cases highlight two primary areas of concern: regulatory non-compliance and penalties for violations, particularly in relation to the RERA Act.
The builder faced scrutiny regarding their adherence to the provisions outlined in the RERA Act. One notable case involved the authority imposing a fine of Rs. 25,000 on the builder for violating Rule-10(b) of 2016. This penalty indicates a pattern where the builder may not have taken sufficient measures to ensure compliance with regulatory requirements, leading to legal consequences.
Common reasons for the litigation in these cases include contesting penalties imposed by regulatory authorities and disputes over the builder's obligations under the RERA Act. The builder's defense often revolved around claims of not having violated any provisions, yet the outcomes suggest otherwise, indicating potential misunderstandings or inadequate adherence to the …
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