| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the ever-evolving real estate market, potential buyers must diligently evaluate builders before making substantial investments. One such contender in the market is Reva Corporation, which has recently garnered attention due to its legal standing. This blog post delves into the builder's legal history, specifically highlighting complaints, verdicts, and the implications for prospective buyers.
Overview of Reva Corporation
Reva Corporation has faced one legal complaint, resulting in a lost case. The company operates within the state of Gujarat. As we dissect the legal events involving Reva Corporation, it is essential to extract patterns that may influence potential buyers' decisions.
Legal Case and Findings
1. Complaint Overview
- Number of Complaints: 1
- Cases Won: 0
- Cases Lost: 1
2. Summary of the Case
The single legal case involved the following:
- Appellant Claim: The appellant accused Reva Corporation of failing to submit quarterly reports and an application for …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Reva Corporation, where the builder lost, revealed several key themes and patterns. The disputes primarily revolved around the builder's non-compliance with the Real Estate Regulatory Authority (RERA) Act and Rules, particularly concerning the submission of quarterly reports and applications for project registration extensions.
A significant case exemplified this theme where the builder failed to furnish mandatory reports as required by the RERA. The builder's defense of unawareness of the law and their expression of regret was insufficient to mitigate the violation. Accordingly, the Authority imposed a fine of 5% of the estimated project cost, demonstrating the serious legal ramifications of non-compliance.
The reasons prompting legal action in these cases primarily include the builder's failure to adhere to regulatory obligations, which raises concerns about their operational integrity and commitment to transparency. The common triggers for litigation in Reva Corporation’s cases largely stem from their inability …
Individual case details available for subscribers.
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