| CIN | U45400MH2008PTC179053 |
|---|---|
| Year Established | Not Available |
| Address | B/215, Shanti Shopping Centre, Opp. Railway Station,Mira Road (East) Thane MH 401107 IN |
| Company Status | Private |
Overall Case Outcomes
Introduction
When considering purchasing property, it is vital to assess the builder's track record. Rashmi Realty Builders Private Limited, operating primarily in Maharashtra, presents an intriguing case study. This blog delves into the builder's legal history, analyzing patterns in their wins and losses, and advising potential buyers based on the insights we gather.
Legal Case Overview
Rashmi Realty Builders has faced a total of 16 complaints, with an unsettling record of 0 cases won and 16 cases lost. This statistic raises concerns about the builder's credibility and reliability. The following sections explore patterns in the legal outcomes involving the builder.
Patterns in Lost Cases
In examining the outcomes of the cases lost by Rashmi Realty Builders, several patterns emerge:
- Breach of Statutory Provisions: Multiple cases revealed the builder's failure to adhere to mandatory statutory guidelines, especially concerning the timely delivery of residential units.
- Financial Obligations: …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Rashmi Realty Builders Private Limited, where the builder lost, revealed several key themes and patterns. The cases primarily revolved around three topics: delayed possession claims, non-compliance with court orders, and representation and authorization disputes.
Many of the cases involved delayed possession claims, where the complainants sought refunds along with interest and compensation for the builder's failure to deliver possession of flats on time. The builder consistently attributed these delays to factors beyond their control, but the tribunal found them in breach of statutory mandatory provisions, leading to multiple rulings requiring the builder to refund significant amounts (e.g., Rs. 12,50,000 with interest).
Non-compliance with court orders emerged as another significant theme. There were instances where the builder failed to deposit principal amounts as mandated by earlier court rulings, which led to the issuance of attachment warrants against their immovable properties. This highlights a troubling trend …
Individual case details available for subscribers.
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