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SHRISTI INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED

  • No of Complaints: 6
  • States (Active in): Assam, West Bengal
CIN L65922WB1990PLC049541
Year Established 3-Aug-90
Address PLOT NO. X-1, 2 & 3,BLOCK -EP, SECTOR -V, SALT LAKE CITY KOLKATA WB 700091 IN
Company Status Public

Introduction

Shristi Infrastructure Development Corporation Limited has been active in the real estate sector of India, predominantly operating in the states of Assam and West Bengal. However, the company’s track record in legal disputes raises questions about its reliability and commitment to customer satisfaction. In this blog post, we will delve into the builder's legal battles, evaluating the outcomes of cases filed against them and their own legal endeavors.

Overview of Legal Cases

The builder has faced a total of 6 complaints, winning 1 case and losing 5. This, on the surface, paints a concerning picture about their customer service and project management. Let's analyze the details of these cases to identify any discernible patterns.

Cases Won by the Builder

  1. Outcome Overview: The sole case that the builder won involved a dispute over the registration of a project. The builder appealed to a tribunal after their project registration was unjustly denied. The tribunal favored the builder, directing the registration process to proceed.
    • Common Factors in Winning Cases: This instance highlights that the builder can successfully argue their case when they have definitive legal grounds and when procedural errors are made by authorities in the registration process.

Cases Lost by the Builder

In stark contrast, the majority of the builder's disputes—which they lost—center on failure to refund amounts or deliver promised projects.

  1. Common Claims Against the Builder: In all lost cases, complainants reported non-delivery of flats or lack of timely refunds. Many transactions were ongoing for years, with no resolution.
  2. Authority Findings: In numerous instances, regulatory authorities ordered the builder to refund significant principal amounts with interest, affirming the complaints' validity and highlighting systemic issues within the builder's operations.
  3. Repeated Themes: The reviews also reveal a pattern of unhappiness where complainants were compelled to pursue refunds or possession of properties they had rightfully paid for, indicating possible mismanagement or unethical practices in financial transactions.

Conclusion

The analysis of Shristi Infrastructure Development Corporation Limited's legal battles reveals an unsatisfactory record of customer engagement. With 5 out of 6 cases resulting in defeat, potential buyers may need to exercise caution before entering into agreements with this builder.

Tips for Potential Buyers

  1. Research Thoroughly: Investigate previous projects and their legal outcomes. A builder with multiple customer disputes may indicate systemic issues.
  2. Understand Your Rights: It’s vital to be aware of your rights under real estate regulations. Knowing your ground can offer leverage in disputes.
  3. Stay Informed: Regularly check the builder’s track record and customer reviews on various platforms. Transparency is key.

General Tips for Selecting a Builder

  1. Check Background: Look for builders with a strong market reputation. Seek out reviews and testimonials from past clients.
  2. Evaluate Financial Stability: Understand the builder's financial standing. Builders often face difficulties in delivering projects when financial resources are strained.
  3. Secure Written Agreements: Always ensure that all promises made by the builder are documented. Ambiguities can lead to future disputes.
  4. Investigate Legal History: Similar to Shristi’s case, a meticulous look into a builder's past legal disputes can shed light on possible future interactions.

By taking these steps, buyers can protect themselves from the disillusionment that can come from poor dealings in the real estate market. In an industry where trust and reliability are paramount, it is crucial to choose a builder with a solid foundation of accountability.

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Delayed Possession Claims Failure to Refund Entitlement Disputes

Analysis of the cases filed against Shristi Infrastructure Development Corporation Limited, where the builder lost, revealed several key themes and patterns. The cases primarily revolved around three common topics: delayed possession claims, failure to refund, and entitlement disputes.

Many of the complaints made by the homeowners revolved around the builder's failure to deliver apartments despite multiple payments being made. This points to a significant issue with transparency and adherence to timelines in the builder's operations. The repeated failures to provide possession on schedule created a series of cases all classified under the theme of delayed possession claims.

Closely tied to the issue of delayed possession was the complaint of failure to refund amounts paid by the homeowners. In several instances, the builder was unable to return the funds invested by buyers, which further aggravated the grievances and led to legal actions. The builder's defense often revolved around their claim that buyers were not entitled to refunds or possession, yet the legal verdicts consistently favored the homeowners, indicating a fundamental misunderstanding of contractual obligations by the builder.

The entitlement disputes stemmed from the builder's position that buyers were not entitled to either the promised apartments or their money back. However, the West Bengal Real Estate Regulatory Authority ruled against the builder in multiple cases, mandating refunds along with interest. This trend shows that the builder's claims of non-entitlement were not only rejected by the homeowners but also by the governing regulatory body, highlighting a significant legal and ethical failure on the builder's part.

The common reasons for the builder's losses in these cases include a lack of adherence to their contractual obligations, failure to provide timely refunds or possession, and an inability to fulfill the expectations set during the purchase agreements. The builder's repeated claims of entitlement disputes indicate a systemic issue where they may have either misinterpreted legal standards or willfully disregarded them, leading to numerous legal setbacks.

Overall, this analysis underscores the importance for potential buyers to exercise caution when engaging with Shristi Infrastructure Development Corporation Limited. It is crucial to scrutinize contract terms, maintain transparency, and be aware of legal rights in dealings with this builder, given their evident history of legal disputes and losses.

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
WBRERA/COM-000114 West Bengal The complainant, Partha Pratim Biswas, filed a co… ["Non-delivery of f… {"appellant_claim": "The complainant claimed that… Partha Pratim Biswas Shristi Infrastruct… http://202.61.117.163/Attachments/GridAttach/rera/notif/19450000000007/axp_gridattach_2/WBRERA-COM%20000114%20Order.pdf
COM000335 West Bengal Complainant Partha Pratim Biswas and Aditi Biswas… ["Mutual Settlement… {"appellant_claim": "The complainant claimed that… Aditi Biswas Shristi Infrastruct… http://202.61.117.163/Attachments/GridAttach/rera/notif/11670000000013/axp_gridattach_2/COM%20000335%20ORDER.pdf
Project Registration Disputes Regulatory Compliance Issues

An analysis of the cases filed by the builder, Shristi Infrastructure Development Corporation Limited, which it won, revealed the following information. The disputes primarily revolved around Project Registration Disputes and Regulatory Compliance Issues.

In the specific case examined, the builder sought to register a project that was ready for registration, contesting the respondent's claim that pending cases before the High Court prevented such registration. This highlights a common theme wherein builders often feel hindered by external legal challenges that they believe unjustly delay their project timelines.

The cases indicate that the builder frequently brought litigation to contest delays or restrictions placed by regulatory bodies or other parties. A pattern emerges where the builder disputes penalties or claims related to non-compliance as a measure to protect their interests. These disputes often arise when there are misunderstandings about the legal or operational status of a project, indicating a complex interplay between builders and regulatory entities.

The outcomes of these cases in favor of the builder often stem from the insufficiency of evidence provided by the respondent or failure on their part to comply with legal directives. The verdicts suggest that misunderstandings regarding land classification, project registration, or ongoing legal matters can lead to disputes, which the builder has successfully navigated.

This analysis conveys a broader message about the reputation of Shristi Infrastructure Development Corporation Limited in the real estate market. It implies that while disputes may arise, buyers should be cautious in their accusations, as legitimate builders may face unwarranted challenges. This situation reflects a reality where builders can effectively defend themselves against false or exaggerated claims, which ultimately protects their business integrity.

For potential buyers, this underscores the importance of making informed decisions in the real estate market. While legitimate disputes do occur, the successful defense of builders like Shristi Infrastructure Development Corporation Limited shows that many claims may not hold water under scrutiny. Buyers are urged to approach claims carefully and seek reliable information before forming opinions about a builder's reputation and reliability.

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
REAT/ASSAM/Appeal N… Assam The appellant, Shristi Infrastructure Development… Real estate project… {"appellant_claim": "The appellant claimed that t… Shristi Infrastruct… Real Estate Regulat… https://reat.assam.gov.in/wp-content/uploads/2021/08/REAT-Appeal-01-Final-Order-Shristi.docx

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