| CIN | U70101OR2007PTC009247 |
|---|---|
| Year Established | Not Available |
| Address | PLOT N 6/235 THIRD FLOOR NAYAPALLI P.S. NAYAPALLI , BHUBANESWAR, Orissa, India - 751015 |
| Company Status | Private |
Overall Case Outcomes
Introduction
Ratnavati Developers Private Limited operates primarily in the state of Odisha and has faced scrutiny due to legal challenges, including complaints from clients. With a record of one complaint filed against them, the implications for potential homebuyers must be closely analyzed.
Overview of Legal Complaints
Ratnavati Developers has been involved in a legal case concerning a complaint from an appellant who alleged that the builder failed to comply with an order from the Authority in Complaint Case No. 120 of 2021. The respondent (builder) countered that the complainant had received their allotted house and that document registration was completed under Section-17(1) of the applicable Act.
Despite the builder's defense, the Authority determined that there was a default in compliance, imposing a penalty of Rs. 9,63,000/- on Ratnavati Developers. This outcome highlights that while the builder has defended their position, the legal system found them at fault, resulting in …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Ratnavati Developers Private Limited, where the builder lost, reveals several key themes and key issues concerning their business practices. The cases highlight two primary disputes: non-compliance with municipal orders and penalties imposed for project delays.
The first theme, non-compliance with municipal orders, is exemplified by the case where the Authority imposed a penalty of Rs. 9,63,000/- on the builder for failing to comply with an earlier order. This demonstrates a pattern of disregard for regulatory requirements, which is a serious concern for potential buyers who may worry about the adherence to building codes and timelines.
The second theme, penalties for project delays, is closely related to the first. In many instances, builders may face penalties not only for non-compliance but also for significant delays in project completion. This could stem from various reasons, such as mismanagement, insufficient resources, or a failure to anticipate complexities …
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