| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the ever-evolving real estate market, understanding the track record of builders is crucial for potential buyers. This blog post delves into Shree Krishna Associates, a builder operating in Rajasthan, and aims to provide insights based on their legal encounters. By analyzing their litigation history, we provide valuable assessments for prospective homeowners.
Legal Overview
Shree Krishna Associates has encountered legal challenges, with one prominent case resulting in a loss for the builder. The details of the case reflect a significant breach of regulations that could affect buyer trust and confidence.
Summary of Legal Case
In a recent case involving Shree Krishna Associates, the appellant accused the builder of failing to register their real estate project in compliance with the Rajasthan Real Estate Regulation and Development Act, 2016. The builder defended itself by asserting that it had not breached any provisions of the Act and that registration was not warranted. However, the final verdict revealed that the Authority found the project indeed required registration, leading to a penalty imposed on the builder for providing false information.
Case Analysis
Patterns in Lost Cases
From the single recorded case that the builder lost, it is clear that Shree Krishna Associates faced allegations related to regulatory compliance. The loss highlighted a failure to adhere to the mandated regulations, particularly regarding project registration. Notably, this incident can serve as a cautionary tale for future buyers regarding the builder's commitment to legal standards.
Patterns in Won Cases
Interestingly, there are no victories recorded for Shree Krishna Associates. Considering the single case that was lost, it indicates a trend that suggests a lack of successful defenses against allegations of regulatory noncompliance. This absence of successful case outcomes raises concerns about the builder’s operational practices and adherence to legal frameworks.
Conclusion
Based on the provided data, Shree Krishna Associates presents potential buyers with a mixed landscape. The builder's encounter with the legal system, particularly the notable loss regarding registration compliance, poses potential risks for buyers.
Tips for Potential Buyers
- Conduct Thorough Research: Before engaging with Shree Krishna Associates, ensure to investigate thoroughly into their project registrations and legal compliance.
- Check for Regulatory Compliance: Always verify that the builder's projects are aligned with local regulations, especially in light of Shree Krishna Associates’ legal history.
- Seek Expert Advice: Consider consulting with a real estate lawyer to better understand the implications of any registered issues related to the builder.
General Tips for Selecting Any Builder
- Review Past Projects: Research the builder’s previous projects for quality and compliance with regulations.
- Check Complaints and Legal Issues: Investigate any history of complaints or legal issues, which can reveal patterns of behavior.
- Ask for References: Speaking with previous clients may offer insight into the builder's reliability and post-sale support.
- Evaluate Financial Stability: A financially stable builder is less likely to face disruptive legal issues, ensuring continuity in project completion.
In conclusion, while Shree Krishna Associates operates within Rajasthan, navigating the purchase decision wisely is paramount for potential homebuyers. Knowledge of the builder’s regulatory adherence can inform better choices in the search for a new home.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against Shree Krishna Associates, where the builder lost, reveals several key themes across the complaints raised by the other parties involved. The cases highlight key areas of dispute, primarily revolving around regulatory non-compliance, penalties imposed for furnishing false information, and disputes over project registration.
One of the most notable themes is the builder's failure to comply with the statutory provisions outlined in the Rajasthan Real Estate Regulation and Development Act, 2016. In one significant case, the appellant claimed that the builder had not registered their real estate project with the Authority, which is a violation of the Act. The builder's defense was rooted in their assertion that the project did not require registration, yet the final verdict found otherwise, emphasizing the importance of adherence to legal frameworks in real estate.
The imposition of penalties for false information furnished by the builder stands as another critical theme. This highlights a troubling pattern of behavior where the builder has attempted to circumvent the law by providing inaccurate details, leading to repercussions that might undermine trust in their operations.
The common reasons that people brought cases to court against Shree Krishna Associates primarily revolved around contesting penalties and disputes over project registrations. There was a prevalent concern among the appellants regarding the builder’s adherence to regulations, leading to a pattern of litigation that reflects a lack of confidence in the builder's compliance practices.
Examining the outcomes of these cases, it becomes evident that the builder lost due to a combination of factors. Insufficient evidence to support their claims, non-compliance with legal requirements, and a fundamental misunderstanding of project registration rules were key contributors to their losses. These failures highlight the need for prospective buyers to exercise caution when considering investments related to Shree Krishna Associates, as the legal ramifications of their actions could impact future projects and customer satisfaction.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| F.15(274)RJIRERA/CI… | Rajasthan | The case involves a complaint against Shree Krish… | ["Non-registration … | {"appellant_claim": "The appellant claimed that t… | Suo Moto through Re… | Shree Krishna Assoc… | https://rera.rajasthan.gov.in/Content/pdf/4336F.15-274-RJ-RERA-C-2023 Suo Moto Vs. Shree Krishna Associates.pdf |