| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the intricate landscape of real estate, builders play a crucial role in realizing homeownership dreams. However, buyers must navigate carefully, especially when a builder has a history of legal challenges. In this post, we focus on SWASTIK CORPORATION, a builder based in Gujarat, highlighting their legal history as well as offering advice for potential buyers.
Legal Challenges Faced by SWASTIK CORPORATION
Overview of Legal Complaints
SWASTIK CORPORATION has faced a total of 2 legal complaints. Unfortunately, they have lost both cases, indicating a concerning trend in their business practices.
Details of Lost Cases
- First Case:
- Appellant Claim: The appellant accused SWASTIK CORPORATION of failing to display the RERA registration number and website, violating Section 11(2) of the Real Estate (Regulation and Development) Act, 2016.
- Respondent Claim: The builder contended that the advertisement was flawed and acknowledged the mistake.
- Final Verdict: The authority fined the builder Rs. 1,25,000.
- Second …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against the builder SWASTIK CORPORATION, which it lost, revealed significant insights into its dealings and operational adherence to laws governing real estate. The cases highlight two primary themes: regulatory non-compliance and delays in reporting.
The first theme, regulatory non-compliance, is exemplified by the builder's violation of Section 11(2) of the Real Estate (Regulation and Development) Act, 2016. In this case, the builder failed to display the required RERA registration number and website in an advertisement, leading to a financial penalty of Rs. 1,25,000. This highlights a troubling pattern where builders may neglect compliance with regulatory requirements, potentially misleading customers and undermining trust in the real estate market.
The second theme revolves around delays in reporting, specifically concerning the quarterly reports that builders are mandated to submit. In one case, the builder attributed the late submission of a quarterly report to a change in bank accounts, …
Individual case details available for subscribers.
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