CIN | Not Available |
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Year Established | Not Available |
Address | Not Available |
Company Status | Not Available |
Overall Case Outcomes
When it comes to selecting a builder for your next real estate project, it's crucial to sift through their track record and legal standing. Shivi Realities, a builder operating exclusively in Gujarat, presents a compelling case study, particularly in light of their legal challenges.
Shivi Realities has encountered one notable complaint, resulting in a single legal case that the builder ultimately lost. The details of this case are worth examining, as they may provide insights into the builder's reliability and accountability.
In the case at hand, the appellant contended that they did not file the necessary quarterly reports due to technical difficulties. However, the respondent, representing a different party, asserted that the appellant had indeed failed to fulfill this obligation despite receiving reminders. The court ruled in favor of the respondent, leading to a fine of Rs. 50,000 imposed on Shivi Realities for their oversight. This loss highlights potential issues in the builder's operational management and adherence to regulatory requirements.
The single case that Shivi Realities lost demonstrates a clear pattern: a failure to maintain necessary documentation and communication with stakeholders. The builder's defense citing 'technical issues' may indicate underlying issues in their operational systems, which could potentially lead to further challenges in the future.
As the data currently stands, Shivi Realities has not won any legal cases, which casts a shadow on their credibility. The lack of victories may suggest systemic issues within their project management or an unwillingness to engage productively when disputes arise.
Based on the available data, Shivi Realities presents a concerning profile for potential buyers. With one lost case and no victories to speak of, there is a clear red flag regarding their operational integrity and ability to navigate legal challenges effectively. Potential buyers should approach with caution and carry out extensive due diligence.
By following these guidelines, potential buyers can better navigate the complexities of selecting a reliable builder like Shivi Realities, ultimately leading to more informed purchasing decisions.
Yearly Trend for these Cases
The analysis of the cases filed by Shivi Realities, which resulted in losses for the builder, reveals significant insights into their operational challenges and litigation behaviors. These cases can be grouped broadly into common themes such as 'Non-compliance with Reporting Requirements', 'Disputes Over Project Delays', and 'Regulatory Compliance Issues'.
Common reasons for initiating legal action by Shivi Realities usually revolved around contesting penalties or disputing the circumstances surrounding delays and regulatory demands. A pronounced trigger for litigation seems to stem from issues of accountability and procedural compliance, suggesting that the builder may have consistently struggled to meet administrative obligations.
On the flip side, the reasons for their losses appear to align with insufficient evidence when contesting claims, lack of clarity in their operational processes, and an overall inability to justify their claims in court. Such outcomes point to a broader need for improvement in the builder's internal compliance protocols and an understanding of industry regulations. This analysis serves as a cautionary tale for potential buyers regarding the builder’s track record of litigation and regulatory compliance, indicating that legal woes could reflect deeper operational inefficiencies.
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