| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
Silkcity Promoters Private Limited has made its mark in the real estate sector, primarily focusing on projects in Odisha. However, with the recent legal challenges faced by the builder, potential buyers may have concerns about reliability and trustworthiness. In this article, we delve into the builder's performance in legal cases and offer insights for prospective clients.
Overview of Legal Performance
In the legal domain, Silkcity Promoters Private Limited has encountered a total of 1 complaint, which culminated in a notable case. Unfortunately, the builder has a record of no cases won and one case lost.
Breakdown of Legal Cases
- Failed Case: The case against Silkcity Promoters was primarily based on the complaint of the respondent, who claimed the non-filing of the Quarterly Progress Report (QPR) stemmed from ignorance and a lack of knowledge. The relevant authority decided against the builder, imposing a penalty of ₹10,000 as a consequence of …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Silkcity Promoters Private Limited, where the builder lost, reveals several key themes across the disputes. The cases can be broadly categorized into non-compliance with municipal orders, penalties for project delays, and disputes over regulatory compliance.
In the realm of non-compliance, the builder faced penalties due to a lack of adherence to required procedures. For instance, the builder was fined for not filing the Quarterly Progress Report (QPR), which is crucial for transparency and compliance in real estate projects. The reason provided for this non-filing was ignorance and a lack of knowledge, highlighting a significant issue in understanding regulatory obligations.
The theme of penalties for project delays encompasses cases where the builder was held accountable for failing to meet project timelines. Although the specifics of delays attributed to the builder in these cases remain vague, it is important to note that project delays are a …
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