CIN | U45309OR2019PTC031485 |
---|---|
Year Established | 8-Aug-19 |
Address | MIG-II 21/2, GROUND FLOOR CHANDRASEKHARPUR BHUBANESWAR Khordha OR 751016 IN |
Company Status | Private |
In the ever-evolving real estate landscape, choosing a builder is a crucial decision that can significantly impact your investment and living experience. One such builder in the market is SHYAMCHAND BUILDERS PRIVATE LIMITED, currently operating in Odisha. This post analyzes the legal history and performance of this builder based on available data and provides insights for potential homebuyers.
By keeping these tips and insights in mind, you can make an informed decision when considering SHYAMCHAND BUILDERS or any other builder in the real estate market.
No builder reviews yet. Be the first to share your thoughts!
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 Shyamchand Builders Private Limited, which it lost, reveals several key themes across the disputes. The cases can be broadly categorized into regulatory compliance disputes and delay-related penalties, highlighting systemic issues within the builder's operations.
The first type of dispute revolves around regulatory compliance, particularly concerning financial reporting and project management. In one notable case, the builder faced a penalty for failing to submit the required Quarterly Progress Report (QPR) due to a technicality—their Chartered Accountant did not sign the Proforma-II. This case underscores a pattern where builders may face legal repercussions not due to willful non-compliance, but rather because of procedural misunderstandings or oversights.
Delay-related penalties constitute another significant theme in these cases. Although the specifics of project delays were not detailed in the summary, the imposition of penalties suggests that Shyamchand Builders may have struggled to meet deadlines, which is a common issue in the construction sector. People typically contest these penalties by arguing that the delays were beyond their control or attributed to other parties involved in the project. However, in the case of Shyamchand Builders, the authority determined that the builder was accountable, leading to a financial penalty.
The common reasons for the builder’s losses in these cases seem to stem from a combination of procedural non-compliance and an inability to meet regulatory deadlines. The failure to secure the appropriate signature on the QPR form, for instance, demonstrates a lack of adherence to established protocols, which likely contributed to the builder's legal difficulties.
In conclusion, the cases against Shyamchand Builders indicate a need for the builder to address regulatory compliance and project management practices. By understanding these themes and their implications, potential buyers can make informed decisions about their involvement with the builder.
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 |
---|---|---|---|---|---|---|---|
Suo Motu Complaint … | Odisha | The ORERA initiated a suo motu case against M/s S… | ["Non-filing of QPR… | {"appellant_claim": "", "respondent_claim": "The … | SHYAMCHAND BUILDERS… | https://rera.odisha.gov.in/wp-content/uploads/2024/06/391-of-24.pdf |