| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
Swastik Enterprise has established its presence in the real estate sector primarily in Gujarat. However, potential homebuyers might want to pause and reflect on the builder's legal standing before making a decision. This article aims to delve into the builder's history of legal challenges, analyzing complaints, outcomes, and what this means for potential customers.
Overview of Legal Complaints Against Swastik Enterprise
Swastik Enterprise has faced a total of three legal complaints, and notably, the builder has lost all three cases. The outcomes highlight significant issues pertaining to legal compliance and the builder's obligations under the Real Estate (Regulation and Development) Act (RERA).
Breakdown of Legal Cases
- Case 1: Swastik Enterprise was found to have violated Section 13(1) of the RERA Act by collecting 10% more amounts from 12 housing units without a registered agreement. The builder was penalized with a fine of Rs. 50,000.
- Case 2: This case involved …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Swastik Enterprises, where the builder lost, reveals several key themes across the disputes. The cases highlight key issues such as non-compliance with the RERA Act, failure to submit mandatory reports on time, and the imposition of penalties for project delays.
The first type of case involves violations of the RERA Act, specifically where the builder was accused of taking more money from buyers without a registered agreement in place. This demonstrates a concerning trend regarding financial dealings and transparency, which is critical in real estate transactions.
Another recurring theme is the builder's failure to submit required documentation, including annual audit reports. The reasons provided for this failure varied, with the builder claiming technical issues on one occasion and failing to meet the deadline without valid reasons on another. This inconsistency highlights an apparent lack of organizational diligence and compliance with regulatory requirements.
The imposition …
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