| CIN | U45309CT2004PTC016737 |
|---|---|
| Year Established | Not Available |
| Address | 402, 3RD FLOOR, RAJEEV GANDHI COMPLEX, BALASHRAM COMPOUND, KUTCHERY CHOWK RAIPUR CT 492001 IN |
| Company Status | Private |
Overall Case Outcomes
Introduction
In the realm of real estate development, the choice of a builder is paramount for a successful investment. Today, we delve into the profile of Shanno Business India Private Limited, a builder operating in Chhattisgarh, analyzing their legal standing and what it might mean for potential buyers.
Legal Overview
When examining Shanno Business India Private Limited, it's crucial to consider their legal history:
- Number of Complaints: 1
- Cases Won: 0
- Cases Lost: 1
Case Details
Shanno Business India faced one formal complaint where the appellant claimed that the builder violated the Real Estate (Regulation and Development) Act, 2016 by failing to operate the RERA-specified account appropriately. The builder, on the other hand, contended that the errors stemmed from ignorance and asserted that they had rectified the situation. Ultimately, the authority imposed a modest penalty of Rs. 5,000 on the builder and archived the case.
Analysis of Legal Patterns
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Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Shanno Business India Private Limited, where the builder lost, revealed several key points across the spectrum of disputes encountered in real estate transactions.
The cases highlight two primary themes: regulatory non-compliance and operational errors. The first theme, regulatory non-compliance, stands out in the context of the Real Estate (Regulation and Development) Act, 2016. In one notable case, the builder was penalized for not adhering to the rules specified by the RERA regarding the operation of a separate account for real estate transactions. This emphasizes the importance of understanding and adhering to legal frameworks in real estate, as non-compliance can lead to significant penalties, as seen in this instance where the builder was fined Rs. 5,000.
The second theme, operational errors, is closely linked to the first since the builder's defense often revolved around claims of ignorance and unintentional mistakes. This pattern suggests …
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