| CIN | U70100DL1994PLC063687 |
|---|---|
| Year Established | 21-Dec-94 |
| Address | STILT FLOOR, DEVIKA TOWER 6, NEHRU PLACE NEW DELHI DL 110019 IN |
| Company Status | Public |
Introduction
In the real estate market, a builder's reputation can play a significant role in influencing buyer decisions. Among the many players in the industry, Shomit Finance Limited stands out for its unique legal track record. In this article, we delve into their performance, particularly regarding complaints and cases, and provide valuable insights for potential buyers.
Shomit Finance Limited: A Snapshot
Shomit Finance Limited is primarily operational in Haryana, where they are actively involved in various real estate projects. With only 2 recorded complaints, the builder has managed to uphold a remarkable legal standing by winning all disputes brought against them, demonstrating a strong commitment to resolving issues efficiently.
Legal Case Details
Shomit Finance Limited has faced a total of 2 legal cases, both of which were filed by complainants seeking to withdraw their complaints. The summaries of these cases show that:
- The complainants sought to withdraw their grievances, with the first case dismissed as withdrawn but allowed the option to file a fresh case later.
- The second case also ended similarly, with the dismissal due to ongoing negotiations and the option for the complainant to pursue further legal action.
This situation illustrates a notable pattern where the complaints were not largely about the firm's actions but rather about the complainants' changing circumstances or preferences.
Patterns in Legal Outcomes
Cases Won
- Common Factors: Both occurrences resulted in the dismissal of complaints due to the withdrawal request from the complainants, implying that Shomit Finance Limited did not face any substantial legal charges. The absence of conflicting claims indicates a potential positive relationship between the builder and the complainants, or perhaps external factors leading to the withdrawals.
Cases Lost
- Analysis: Importantly, it is worth noting that Shomit Finance Limited has not lost any cases, showcasing their effective legal strategies and possibly strong customer relations. Their ability to have all cases withdrawn rather than leading to losses suggests that they maintain a proactive approach in resolving customer issues before they escalate.
Conclusion
Based on the data available, Shomit Finance Limited is a builder with an encouraging track record, particularly emphasized by their unbeaten legal cases. While only operating in Haryana, their performance indicates a trustworthy reputation.
Tips for Potential Buyers
If you are considering purchasing property from Shomit Finance Limited, here are a few tips:
- Do Your Research: Investigate the builder’s past projects and customer feedback to gauge satisfaction levels.
- Understand the Project: Ensure you know the specifics of any project. Look into timelines, delivery promises, and post-sale service options.
- Consult Legal Experts: Engaging with legal counsel before signing contracts can protect your interests.
General Tips When Selecting Any Builder
- Check the Builder’s Reputation: Look for reviews, ratings, and any legal complaints that may show red flags.
- Visit Previous Projects: Tour completed projects to assess the quality of construction and finishes.
- Ask for References: A reputable builder will be open to providing contacts of previous clients to discuss their experiences.
- Ensure Transparency: A trustworthy builder should be transparent about pricing, timelines, and all aspects of the property.
In summary, Shomit Finance Limited presents itself as a solid option for homebuyers in Haryana, supported by a clean legal record and no lost cases in its short history of customer interactions.
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Here you’ll find cases where the builder sued others and won. We’ve included a summary and key insights from each case.
An analysis of the cases filed by the builder, Shomit Finance Limited, which it won, revealed the following information. The cases can be grouped primarily into two themes: Complaint Withdrawals and Negotiations and Settlements. These themes highlight the nature of disputes that led to the builder's litigation, wherein the complainants often attempted to withdraw their complaints, either amidst ongoing negotiations or seeking the liberty to file fresh cases before appropriate forums.
The reasons for these court cases by the builder seem to revolve around attempting to clarify their position regarding the complaints. Commonly, the builder found itself in a position where the complainants, in various circumstances, opted to withdraw their complaints rather than pursue them. Such withdrawals may indicate a recognition of the futility of their claims or a willingness to seek a resolution through negotiation, without the constraints of ongoing legal proceedings.
In examining why Shomit Finance Limited won these cases, several factors stand out. Firstly, in both cases, the complaints were dismissed as withdrawn without meaningful contest from the builder. This suggests either a lack of robust evidence from the complainants or a realization that the legal proceedings might not favor them. Additionally, there may be an indication of misunderstandings about the validity of their claims or the builder's compliance with relevant regulations. The builder's ability to defend itself effectively against such claims reaffirms its position within the market as one that can navigate and withstand legal challenges that may arise from inaccurate accusations.
This analysis sheds light on Shomit Finance Limited's reputation as a builder and reflects broader trends in the real estate market. It is not uncommon for builders to face claims from buyers that may be based on misunderstandings or expectations that conflict with contractual realities. The builder's strong track record of successfully defending against such claims indicates a degree of resilience and possibly suggests that the accusations could sometimes be unfounded or exaggerated. Builders like Shomit Finance Limited appear capable of managing disputes that are, at times, rooted more in buyer dissatisfaction rather than legitimate infractions.
For potential buyers, it is vital to approach decisions regarding builders with care and diligence. While there are valid concerns within the real estate sector, the evidence from these cases reinforces the notion that builders like Shomit Finance Limited can often mount strong defenses against unwarranted claims. Therefore, buyers should strive to gather comprehensive information and perform due diligence before concluding their judgments about a builder's reliability and reputation.