SHYAM CORPORATION

Introduction

In the real estate sector, clear transparency and adherence to regulations are critical for establishing trust and ensuring smooth transactions. SHYAM CORPORATION, primarily operating in Gujarat, has a mixed track record in legal matters that prospective buyers should be aware of. This post delves into the builder's history with complaints, legal cases, and imparts valuable insights for potential homebuyers.

Overview of Legal Challenges Faced by SHYAM CORPORATION

SHYAM CORPORATION has faced a total of two complaints, resulting in one case won and one case lost. This indicates that while the builder has successfully navigated certain legal challenges, it has also encountered significant obstacles that have implications for buyers.

Details of Legal Cases

1. Case Filed by SHYAM CORPORATION: In a case where the builder filed against claims, it was found that they had violated the RERA (Real Estate Regulatory Authority) Act. The appellant asserted that the builder was unaware …

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Analysis of the cases filed by the builder, Shyam Corporation, which it lost, revealed significant insights into the builder's operational and compliance challenges. The summaries indicate that the builder faced a range of cases primarily related to regulatory non-compliance, penalties for violations, and disputes over timely reporting.

Regulatory Non-compliance:

A repeated theme in the builder's cases stems from violations of the Real Estate (Regulation and Development) Act (RERA). Specifically, Shyam Corporation faced allegations of not providing timely reports as required by law. The inability to comply with regulatory stipulations appears to be a critical area of contention.

Penalties for Violations:

The builder has incurred penalties due to these non-compliance issues. In the instance provided, the authority imposed a fine of Rs. 50,000 on the builder for their failure to adhere to the RERA requirements, signaling that financial consequences are likely when regulatory standards are not met.

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An analysis of the cases filed against the builder, SHYAM CORPORATION, which the builder won, revealed the following information.

The disputes can be grouped under common themes. Firstly, there are issues related to Regulatory Non-compliance, especially concerning the provisions of the RERA Act. The cases often centered on whether the builder was obligated to register a project with the Authority before advertising it. Secondly, the Project Registration Disputes involved claims by buyers that the projects were not duly registered, leading to disagreements over the application of the RERA Act. Lastly, there are Disagreements over RERA Implementation where complaints were raised about the timelines and requirements set forth by regulatory bodies.

These cases were brought to court for various reasons, primarily contesting penalties and problems related to project registration. Buyers and regulatory bodies often filed complaints against SHYAM CORPORATION citing violations of the RERA Act, which likely stemmed from …

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