CIN | U45201OR2002PTC006878 |
---|---|
Year Established | Not Available |
Address | PLOT NO 73ASAHID NAGAR BHUBANESWAR KHURDA OR 751007 IN |
Company Status | Private |
Overall Case Outcomes
Satyabadi Construction Private Limited is a builder operating in the state of Odisha. Like many construction companies, it has faced legal scrutiny and consumer complaints. In this blog post, we will delve into the specifics of the builder, examine its legal case history, and provide insights for potential buyers considering investment in their properties.
Satyabadi Construction Private Limited has been involved in a single legal case, which provides a snapshot of its operational conduct and customer relations. The case can be summarized as follows:
Given the data, Satyabadi Construction Private Limited has one lost case. The primary issues arose from failure to deliver property possession and supply necessary documentation. This reflects a common challenge faced by many builders: the critical importance of timely delivery and the fulfillment of contractual obligations.
In this instance, Satyabadi Construction did not win any cases, underscoring the potential struggles the builder may face in meeting buyer expectations and contractual requirements. The existing case indicates that while the builder presented a defense focusing on complainant delays, it was not enough to avoid liability in the eyes of the authority.
When evaluating Satyabadi Construction Private Limited, it is critical to note that they have one recorded complaint with a loss in legal judgment. This can be a red flag for potential buyers, suggesting a need for thorough due diligence when considering a purchase from this builder.
In summary, while Satyabadi Construction Private Limited operates in Odisha, potential buyers should tread carefully, armed with knowledge about the builder's legal history and commitment to fulfilling contractual obligations.
Yearly Trend for these Cases
Analysis of the cases filed against Satyabadi Construction Private Limited, where the builder lost, reveals several key themes and patterns. The disputes primarily center around delayed possession claims, failures to provide necessary documents, and disagreements over project completion and payment.
Many of the cases involve claims from buyers that the builder failed to deliver possession of their flats on time, as exemplified by the complainant who asserted that they were not provided with the completion certificate and occupancy certificate after the promised project completion date. This theme highlights an ongoing issue in real estate transactions, where buyers often face uncertainty and delays in obtaining their properties.
Many buyers also commonly disputed the builder's claims of timely project completion, arguing instead that the builder's failure to provide requisite documents reflected an incomplete project. Buyers attributed delays to the builder's inability to secure necessary certifications rather than to their own actions. For instance, in one case, the builder claimed that the project was completed in 2017, yet the buyer contested this by pointing out the lack of a completion certificate, which raised valid concerns about the builder's adherence to regulatory requirements.
The reasons for these disputes often revolve around financial and procedural misunderstandings. Buyers would express dissatisfaction over having made substantial payments towards their properties, only to find themselves without full ownership due to the builder's failure to execute sale deeds. The implication that builders might be misrepresenting their compliance with local building codes and regulations suggests a systemic issue that could impact the trust placed by homebuyers in construction firms.
The builder's losses in these cases typically stem from a combination of insufficient evidence to support their claims of timely completion and non-compliance with the necessary legal requirements to finalize property transactions. The directing of payment interest by authorities further emphasizes the buyers' entitlements, indicating that the builder's actions resulted in significant inconvenience and loss for the other party involved.
Overall, this analysis underscores the importance for potential buyers to conduct thorough due diligence on builders, ensuring they have a clear track record of delivering completed projects along with the appropriate documentation before making any financial commitments.
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