| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Understanding S & M DEVELOPERS: A Comprehensive Overview
Introduction
In the world of real estate, selecting the right builder can significantly impact your investment. Today, we delve into one such builder, S & M DEVELOPERS, to assess their track record and provide insights for potential buyers.
Company Overview
S & M DEVELOPERS is primarily engaged in the construction business in Haryana. While their project footprint appears limited to one state, their reputation is essential for prospective homeowners and investors alike.
Legal Standing
S & M DEVELOPERS has a mixed record in legal disputes:
- Number of Complaints: 1
- Cases Won: 0
- Cases Lost: 1
Legal Case Details
The single legal case against S & M DEVELOPERS involved the following claims:
- Appellant Claim: The Authority alleged that the builder opened a new bank account without prior permission.
- Respondent Claim: S & M DEVELOPERS contended that the bank account details …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against S & M DEVELOPERS, where the builder lost, reveals several key themes across the disputes. The cases highlight two primary areas of concern: regulatory non-compliance and financial mismanagement.
In terms of regulatory non-compliance, the builder faced penalties due to actions that contradicted established rules. For instance, the builder opened a new bank account without permission, which led to a penalty of Rs. 50,000. This incident reflects a broader pattern of non-compliance, which may indicate a lack of due diligence on the part of the builder regarding the regulatory framework surrounding real estate transactions.
The theme of financial mismanagement is also prominent. The builder's defense in one case involved claims of mistaken bank account details and a lack of sales at the time of the incident. This scenario raises questions about the builder's financial management practices, particularly concerning transparency and accountability in financial dealings.
Common …
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