| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the competitive world of real estate development, the track record of builders can significantly influence potential buyers' decisions. Today, we delve into SHREENATH ENTERPRISE, a builder operating predominantly in Maharashtra, analyzing their recent legal history and providing crucial insights for prospective buyers.
Overview of Legal Cases
SHREENATH ENTERPRISE has faced a total of two complaints, with a concerning record indicating that the builder has lost both cases. Notably, the builder has not managed to secure a victory in any legal challenge brought against them. This paints a troubling picture of their reliability and adherence to commitments made to their customers.
Legal Case Details
The two legal cases against SHREENATH ENTERPRISE exhibited distinct claims:
- In the first case, the final verdict indicated that the appeal was disposed of based on consent terms, where specifics on claims made by both parties are not available.
- The second case involved an application for delay condonation, wherein the applicant claimed there was a need for delay acknowledgment while the builder did not have a corresponding claim. This case resulted in the application being allowed, but with the requirement for SHREENATH ENTERPRISE to pay costs.
Analysis of Patterns in Legal Cases
Cases Lost
The two cases that SHREENATH ENTERPRISE lost suggest several critical insights:
- Lack of Defenses: The absence of a successful defense in the cases may indicate a deficiency in procedural handling or a fundamental problem in their project management practices.
- Financial Liabilities: The requirement to pay costs in the delayed case hints at potential financial responsibilities that may not be met promptly, raising red flags about their operational efficiencies.
Cases Won
Although the builder has no cases won, the first case being disposed of via consent terms could indicate:
- Potential Settlement: The ability to reach an agreement through consent terms suggests that there might be room for negotiation, although it does not reflect a win in favor of SHREENATH ENTERPRISE.
- Non-committal Approach: The lack of definitive victories might imply a trend where the builder opts for settlements rather than contesting claims robustly in court.
Conclusion
The presented data suggests that prospective buyers should approach SHREENATH ENTERPRISE with caution. The negative track record in legal disputes raises significant concerns about the builder's reliability and ability to meet project commitments. As a result, buyers must thoroughly research and consider their options before entering into agreements.
Tips for Potential Buyers
- Conduct Thorough Due Diligence: Investigate the builder’s history, including complaints and legal outcomes. Understanding their past behavior can guide decisions.
- Request References: Speak with previous clients to gain insight into their experiences and satisfaction levels with SHREENATH ENTERPRISE’s projects.
- Check Project Quality: Visit past projects completed by the builder to analyze construction quality and adherence to timelines.
- Legal Consult: Consider seeking legal advice before signing any contracts to ensure you understand your rights and protections.
General Tips for Selecting Any Builder
- Verify Credentials: Always check their licenses, registrations, and reputation within the industry.
- Examine Financial Stability: A financially stable builder is more likely to complete projects on time without compromising quality.
- Transparency is Key: Ensure the builder provides clear information about project timelines, costs, and potential risks.
- Read Reviews and Feedback: Online reviews and feedback from previous clients can be a goldmine in understanding the builder's track record.
By adhering to these guidelines, buyers can enhance their chances of a satisfactory home-buying experience.
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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 Shreenath Enterprise, where the builder lost, reveals several key themes across the disputes. The cases can be broadly categorized into two main topics: Delayed Possession Claims and Penalties for Project Delays.
The first type of cases involves claims made by the applicants regarding delays in possession of properties developed by Shreenath Enterprise. In one notable case, the applicant sought delay condonation, implying that there was a significant lag in the delivery of units from the promised timeline. These cases often arise due to common reasons such as mismanagement of construction timelines, insufficient labor, or financial difficulties faced by the builder. The builder's defense in these instances is typically weak, as they fail to provide valid reasons for the delays or do not meet the regulatory compliance that mandates timely possession of properties to buyers.
The second category encompasses penalties imposed on Shreenath Enterprise for failing to complete projects on schedule. This includes cases where the builder did not have a claim, indicating that the primary action came from the other party seeking to impose penalties for the delays. The verdicts in these cases highlight a pattern where the builder is often required to condone the delay with the payment of costs, signaling a legal acknowledgment of their failure to adhere to timelines and regulatory requirements.
A striking pattern emerges from these summaries: the builder’s litigation often stems from their inability to meet project timelines and fulfill their commitments to buyers. This has led to multiple cases of delayed possession claims and penalties, each of which further tarnishes the builder's reputation and erodes buyer trust.
The common reasons for Shreenath Enterprise's losses in these cases include insufficient evidence to defend their delays, non-compliance with the established regulations governing real estate development, and a lack of understanding of their obligations regarding timely delivery of properties. Overall, this analysis indicates a need for buyers to exercise caution when engaging with Shreenath Enterprise, as the builder has shown a pattern of behavior that can be detrimental to buyers’ interests.
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 |
|---|---|---|---|---|---|---|---|
| M.A.916-2022 (Delay) | Maharashtra | Application allowed, delay condoned with payment … | ["Delay condonation… | {"appellant_claim": "The applicant claimed delay … | Shreenath Enterpris… | Arun Pandey | https://drive.google.com/uc?id=1b93P2I6mZ4zIlbj5sLUWRmOgP-dIyftm |
| M.A.214-2023(stay) | Maharashtra | The appeal stands disposed of in terms of consent… | ["Consent Terms"] | {"appellant_claim": "Not provided", "respondent_c… | Shreenath Enterpris… | Arun Pandey | https://drive.google.com/uc?id=12SWfo6VFWBuyxAnHAXpzPc74lDUpFsTb |