SSSC ESCATICS PRIVATE LIMITED

Overview of SSSC Escatics Private Limited

SSSC Escatics Private Limited is a builder based in Maharashtra, India, known for its involvement in real estate projects within the region. However, the company’s reputation is marked by a notable complaint history, raising concerns for potential buyers.

Complaint Overview

The builder has faced 1 complaint and has lost 1 case in legal proceedings, indicating potential issues in fulfilling obligations to clients. Importantly, SSSC Escatics has not won any cases, which may suggest challenges in their operational practices or customer relations.

Legal Case Breakdown

1. Case Filed Against the Builder:
   • Appellant Claim: The applicant alleges that the builders failed to provide details regarding their properties and personal assets, and neglected to satisfy a legal decree.
   • Respondent Claim: In contrast, the builder asserts they possess sufficient means but failed to pay the amount dictated by the decree holder.
   • Final Verdict: As a result of the case, the non-applicants (the builder) are restrained from selling any flats until further notice, showcasing a lack of compliance that could affect current and future projects.

Analysis of Case Patterns

Common Factors in Lost Cases:

• Lack of Transparency: The consistent theme in the complaints revolves around the builder's failure to provide necessary property details and information regarding their assets, which can cause mistrust among buyers.
• Inability to Satisfy Financial Obligations: The builder claims to have sufficient means, yet there are apparent failures in fulfilling payment requirements as outlined in legal decrees.

Common Factors in Won Cases:

• SSSC Escatics has yet to win any cases, indicating a potential systemic issue that may undermine their success rate in the legal realm. This lack of victories raises red flags for prospective customers about the builder’s reliability and integrity.

Conclusion

Overall, SSSC Escatics Private Limited presents a concerning profile based on their legal history and the single complaint that has been lodged against them. With one case lost and no victories in legal disputes, buyers may want to exercise caution when considering engaging with this builder.

Tips for Potential Buyers

• Research Thoroughly: Investigate the builder’s history, complaint records, and any legal issues to gauge reliability.
• Request Documentation: Always ask for complete information regarding properties and the builder’s financial standing.
• Seek Testimonials: Look for reviews from previous buyers to understand others’ experiences with SSSC Escatics.

General Tips for Selecting Any Builder

• Check Credentials: Always verify that the builder holds necessary licensing and registrations with local authorities.
• Understand Your Rights: Familiarize yourself with consumer rights in real estate transactions to better advocate for yourself.
• Engage a Legal Expert: Consulting with a real estate attorney can help navigate contracts and address potential concerns before committing.

In summary, engaging with a builder like SSSC Escatics Private Limited necessitates significant diligence. While every builder has the potential for excellence, prospective buyers should weigh the risks, especially given the current legal standings of the builder.

Analysis of the cases filed against SSSC Escatics Private Limited, where the builder lost, reveals several key themes across the disputes. The cases highlight ongoing issues in three primary areas: failure to disclose assets, non-compliance with decrees, and disputes over financial obligations.

The first theme, failure to disclose assets, emerges from the builder's inability or unwillingness to provide details of their properties and personal assets to satisfy a decree. This points to a broader pattern of lack of transparency in the builder's dealings, which could be a cause for concern for potential buyers looking for openness and honesty in their transactions.

The second theme, non-compliance with decrees, shows that even when legal obligations are established, the builder has struggled to meet them. The verdict in one significant case restrained the builder from selling flats until further order, indicating a serious failure to adhere to legal requirements and potentially putting buyers' interests at risk.

The third theme, disputes over financial obligations, underscores the tension between the builder's claimed ability to pay and their failure to do so. This discrepancy suggests a troubling pattern of financial mismanagement or evasion of responsibilities, both of which could impact buyers who might be waiting for compensation or for projects to be completed.

Common reasons for bringing cases to court include the builder's failure to fulfill financial obligations, non-compliance with legal decrees, and lack of asset disclosure. The builder's losses in these cases often stem from insufficient evidence to support their claims, failure to comply with legal or regulatory requirements, or a lack of transparency in their financial dealings.

Overall, this analysis indicates that buyers should approach SSSC Escatics Private Limited with caution. The patterns emerging from these cases reflect ongoing issues with transparency, compliance, and financial responsibility—factors that are crucial for a trustworthy builder.