| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Understanding The Polaris Textile: A Close Examination of a Builder's Track Record
When it comes to investing in real estate, selecting the right builder can be a daunting task. Potential buyers often seek builders with strong reputations and satisfactory legal records. In this blog post, we will delve into the track record of The Polaris Textile, a builder based in Gujarat. This overview will provide insight into their performance, particularly focusing on legal challenges they have faced.
Overview of The Polaris Textile
The Polaris Textile currently has one reported complaint against them, with a total of one legal case filed. Unfortunately for the builder, they lost this case, and no victories have been noted in their legal pursuits to date. Understanding the details surrounding this complaint can provide valuable context for potential buyers.
Legal Case Details
The builder's solitary legal challenge involved claims regarding the submission of quarterly reports …
Cases Lost by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed by the builder The Polaris Textile, which they lost, revealed significant insights into their operational challenges and legal disputes. These cases can primarily be grouped under two recurring themes: Regulatory Non-compliance and Penalties for Reporting Violations.
The first theme, Regulatory Non-compliance, indicates the issues the builder faced regarding adherence to necessary legal frameworks governing real estate developments. Specifically, the case involving the Gujarat Real Estate Regulatory Authority showcases a failure to submit quarterly reports on time, which triggered allegations against The Polaris Textile under sections 61 and 63 of the RERA Act. This reflects a broader trend where builders might contest regulatory penalties or allegations but ultimately struggle to substantiate their compliance or procedural integrity.
The second common theme delves into Penalties for Reporting Violations. In this case, The Polaris Textile was held accountable for not meeting reporting requirements, resulting in a fine. It …
Individual case details available for subscribers.
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