SIDDHI VINAYAK INFRA CREATIONS PRIVATE LIMITED

Introduction

Siddhi Vinayak Infra Creations Private Limited is a prominent builder operating primarily in Madhya Pradesh. In this article, we'll explore the legal challenges faced by this builder, analyze patterns in their cases, and offer insights for potential homebuyers.

Current Legal Standing

Siddhi Vinayak Infra Creations has a record of 1 complaint, with a notable legal case between an applicant and the company. The outcome of this case was unfavorable for the builder, resulting in a loss. Here's a brief overview of the case:

• Appellant Claim: The applicant claimed that the builder failed to deliver possession of a multi-storey building and did not pay interest as per their original agreement.
• Respondent Claim: In defense, Siddhi Vinayak Infra Creations argued that the applicant did not fulfill their part of the agreement by failing to pay the remaining amount.
• Final Verdict: The adjudicating officer ruled against the builder, mandating them to pay Rs. 1,40,00,000/- as simple interest and an additional Rs. 6,00,000/- for mental distress and physical torture incurred by the applicant.

Analysis of Legal Cases

Common Factors in Lost Cases

The single case lost by Siddhi Vinayak Infra Creations indicates a concern over timely delivery and customer satisfaction. The core issue arose from a failure to deliver possession in a timely manner and a lack of adherence to the terms of the agreement. This pattern highlights cautionary signs for potential investors regarding operational efficiency and customer service commitments.

Common Factors in Won Cases

Although the data provided only includes one case, it is important to note that Siddhi Vinayak Infra Creations did not win any cases despite its defense. This indicates that the builder’s success in legal disputes may depend heavily on their ability to meet contractual obligations and customer expectations. Without winning any cases, buyers may want to scrutinize the builder’s track record of fulfilling agreements.

Overall Assessment

Based on the data, Siddhi Vinayak Infra Creations Private Limited exhibits certain risks related to their legal compliance and customer satisfaction. With one case lost and no victories, potential buyers should approach with caution and conduct thorough due diligence. The financial implications of their legal losses could suggest a need for improved operational practices.

Tips for Potential Buyers

1. Research Thoroughly: Before purchasing, gather as much information as possible about the builder's reputation and past projects.
2. Ask for References: Connect with previous customers to understand their experiences with the builder.
3. Review Legal Contracts Carefully: Pay close attention to terms related to delivery timelines and financial liabilities.
4. Consider Legal Protections: Look into the possibility of legal protections or insurance that may guard against builder defaults.

General Tips for Selecting a Builder

• Check Credentials: Always verify the builder’s licenses and registration status.
• Examine Project Quality: Visit ongoing or completed projects to assess construction quality and design consistency.
• Evaluate Financial Stability: Ensure that the builder is financially stable to mitigate risks of project delays or failures.
• Engage Legal Counsel: Seek legal advice when drafting or signing any contracts to protect your interests.

Conclusion

In summary, Siddhi Vinayak Infra Creations Private Limited presents some concerns regarding its operational reliability and past legal performance. It is imperative for potential homebuyers to proceed with vigilance and perform diligent research to ensure a sound investment decision.

Analysis of the cases filed against Siddhi Vinayak Infra Creations Private Limited, where the builder lost, reveals several key themes and patterns. The primary disputes can be categorized into delayed possession claims, failures to comply with agreement terms, disputes over interest payments, and claims for compensation due to mental distress and physical torture.

Many of the cases revolve around the builder's inability to deliver possession of multi-storey buildings on time, as per the agreements signed with buyers. This delay often triggered claims for interest payments that were not honored, leading to further litigation. Buyers contended that the builder failed to adhere to the terms of the agreement, which created a sense of mistrust and dissatisfaction in the client base.

Common reasons for litigation in these cases included contesting the builder's failure to fulfill their commitments, disputing project delays, and arguing over the adequate compensation for distress caused. Buyers felt cheated when they weren't provided timely possession, and the lack of interest payments only exacerbated their frustrations.

The builder lost these cases primarily due to their failure to meet the obligations outlined in the agreements. The legal verdicts emphasized the need for builders to take their commitments seriously and to be accountable for delays and non-compliance. In the case outlined, the builder was ordered to pay significant amounts both as interest and as compensation, highlighting the legal system's support for consumer rights in the real estate sector.

Overall, this analysis demonstrates the importance for potential buyers to thoroughly vet builders before making any agreements. Understanding common themes in litigation, such as those seen with Siddhi Vinayak Infra Creations, can provide valuable insights into the builder's reliability and accountability practices.