SHREE NEELKANTH CORPORATION

Introduction

Shree Neelkanth Corporation, a builder operating primarily in Gujarat, has garnered attention due to its legal history and project management practices. With a single complaint and a case record that reveals some insights into their operational conduct, potential buyers may find it useful to assess the company's performance before making a purchase decision.

Legal Case Overview

The legal standing of Shree Neelkanth Corporation indicates tensions related to compliance and reporting. A summary of the relevant case shows that the appellant claimed the builder had failed to submit quarterly reports for their project, 'Shiva Residency.' While the builder contended that the reports had been submitted, the dispute led to a regulatory body imposing a fine of Rs. 10,000 on them for their failure to adhere to reporting requirements.

Analysis of Legal Cases

Cases Lost

The builder has lost one case, which indicates a potential pattern of issues related to compliance with regulatory standards. The complaint revolved around inadequate documentation and reporting practices. As the law mandates timely submission of quarterly reports to maintain transparency and accountability, the builder’s failure in this regard raises questions about their operational integrity and adherence to legal obligations.

Cases Won

Although Shree Neelkanth Corporation has one case listed as won, it is important to note that this case was more of a regulatory fine than a win in the strict sense of vindication against the claims made. The authority found the builder at fault for not meeting documentation requirements, leading to a fine rather than a full vindication of their practices. Therefore, the company's success in this instance does not significantly bolster their legal standing but rather highlights a lapse in compliance.

Conclusion

Based on the provided data, Shree Neelkanth Corporation appears to have encountered difficulties in adhering to regulatory standards, primarily reflected in their loss of a significant legal case. Their legal history suggests that potential buyers should exercise caution and conduct thorough research.

Tips for Potential Buyers

• Due Diligence: Before engaging with Shree Neelkanth Corporation, thoroughly research the company’s background, including legal issues and project reviews.
• Verify Documentation: Ensure that all project documentation is complete and regularly updated. Ask for proof of compliance with all regulatory requirements.
• Seek Customer Feedback: Investigating previous buyers’ experiences can provide insights into the builder's reputation and reliability.

General Tips When Selecting Any Builder

• Check Credentials: Always verify a builder’s licenses, certifications, and past work history.
• Review Legal History: Investigate any past complaints or legal cases against the builder to gauge their accountability and performance.
• Assess Project Quality: Visit ongoing or completed projects to assess the quality of workmanship and materials used.
• Understand Contracts: Scrutinize all contracts and make sure that all aspects of the deal are clear, including timelines, costs, and penalties for delays.

In conclusion, while Shree Neelkanth Corporation may provide a potential opportunity in the Gujarat real estate market, buyers should approach with diligence and caution.

Analysis of the cases filed against Shree Neelkanth Corporation, where the builder lost, reveals several key themes across the disputes. The cases highlight ongoing issues primarily in two areas: non-compliance with regulatory requirements and disputes over project reporting.

The first theme, non-compliance with regulatory requirements, stands out in the case where the builder was fined for failing to submit mandatory quarterly reports on their project 'Shiva Residency'. This indicates a broader pattern of neglecting regulatory obligations, which could imply a lack of professionalism in handling project documentation and compliance matters.

The second theme revolves around disputes over project reporting. In the case mentioned, the builder claimed to have submitted the reports, while the appellant disputed this, leading to a fine. This type of dispute often arises from miscommunication or inadequate documentation and can lead to significant penalties, as seen in this instance.

Common reasons for bringing cases to court include contesting penalties for non-compliance, disputing project delays, and disagreements over reporting requirements. People may feel compelled to take legal action when they believe a builder has not adhered to standards that ensure transparency and accountability in projects. The builder’s litigation often stems from an attempt to defend against these allegations, which may involve contesting fines or arguing over the authenticity of reports submitted.

The builder lost these cases primarily due to insufficient evidence supporting their claims. In the case of the quarterly reports, the builder's assertion that they had complied with the requirements was not validated, leading the authority to impose a fine. This underscores the importance of maintaining thorough records and adhering to regulatory timelines, as the lack thereof resulted in legal consequences.

In conclusion, the cases against Shree Neelkanth Corporation serve as a cautionary tale for builders about the importance of regulatory compliance and transparent reporting practices. Buyers should take note of these legal issues when evaluating builders, as they may indicate potential delays or unfulfilled commitments in projects.