| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Tirumala Vinayak Projects Private Limited is a builder operating primarily in Odisha, with a track record that prompts potential buyers to exercise caution. With only one recorded complaint against the builder and a concerning outcome of that case, this article aims to deliver an analytical perspective on the builder's performance and provide essential tips for prospective homebuyers.
Overview of Legal Cases
Case Summary
The single case filed against Tirumala Vinayak Projects Private Limited involved a dispute over possession of a flat. The complainant alleged that the builder failed to hand over possession and did not remit interest on the payments made. On the other hand, the builder contended that the complainant had not adhered to the payment schedule outlined in the agreement and was, therefore, liable to pay interest at a higher rate of 18% per annum.
The authority ultimately directed the builder to deliver possession of the flat and …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Tirumala Vinayak Projects Private Limited, where the builder lost, revealed several key themes and patterns. The cases primarily revolved around two main topics: delayed possession claims and interest payment disputes.
The delayed possession claims involved situations where the builder failed to hand over possession of flats to the complainants on time. This was often coupled with a lack of interest payments on the amounts received from the buyers, which led to dissatisfaction and legal action. The builder's defense typically hinged on claims that the buyers did not adhere to the payment schedule outlined in the agreement, which is a common trigger for litigation in real estate transactions.
The interest payment disputes highlighted the differing expectations regarding interest rates between buyers and builders. Buyers often claimed that they were not paid appropriate interest on their payments, while builders might counter with assertions that buyers owed …
Individual case details available for subscribers.
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