SRISHTI ASSOCIATES

Introduction to SRISHTI ASSOCIATES

When considering purchasing a property, it's vital to evaluate the reputation and legal standing of the builder. In this post, we take a closer look at SRISHTI ASSOCIATES, a builder operating in Rajasthan, focusing on their legal history and what it means for potential buyers.

Legal Overview of SRISHTI ASSOCIATES

SRISHTI ASSOCIATES has faced a total of two complaints:

• Cases Won: 1
• Cases Lost: 1

Case Analysis

1. Case Where the Builder Lost:
   In the sole case lost by SRISHTI ASSOCIATES, the details are as follows:
   - Summary: The case was disposed off after the builder complied with the authority’s order and made the required penalty payment. This suggests that the builder experienced a lack of timely compliance during the project completion phase, which may have led to penalties and legal action.
2. Case Where the Builder Won:
   Conversely, in the case that …

Unlock Full Report & Analysis

Analysis of the cases filed against Srishti Associates, where the builder lost, reveals several key themes and patterns. The primary disputes can be categorized into two main topics: penalties for project delays and non-compliance with regulatory requirements.

The cases often involved the imposition of penalties on the builder for failing to complete projects within the stipulated timeline or for not obtaining necessary extensions. This highlights a significant concern regarding the builder's ability to adhere to timelines and fulfill contractual obligations, which is a critical factor for prospective buyers considering their investment.

Common reasons for litigation included contesting these penalties, with the builder often attributing delays to other parties or citing unforeseen circumstances. However, the outcomes suggest that the builder's defenses were insufficiently grounded, leading to a series of legal losses.

The verdicts indicate that Srishti Associates frequently failed to comply with regulatory requirements, which raises questions about their operational adherence …

Unlock Full Report & Analysis

An analysis of the cases filed against the builder, which the builder won, revealed the following information. The disputes primarily centered around two significant themes: penalties for project delays and compliance with regulatory orders.

1. Penalties for Project Delays: Some cases involved claims of delays in project completion, where buyers alleged that the builder had failed to deliver the promised housing units on time. Buyers sought monetary penalties for the perceived delay, but in the cases reviewed, the builder successfully proved compliance with all stipulated timelines or demonstrated that penalties were unfounded.
2. Compliance with Regulatory Orders: Other cases revolved around claims of non-compliance with various municipal or regulatory orders. Here, buyers and regulatory bodies contested the builder’s adherence to construction norms and local regulations. In these instances, SRISHTI ASSOCIATES showed that they had made timely payments of relevant penalties and complied fully with all orders, thus …

Unlock Full Report & Analysis