| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the realm of real estate, selecting the right builder is a crucial decision for potential homebuyers. TREO Fiveriver Private Limited, a Haryana-based builder, presents a compelling yet complex case. With a track record marred by legal disputes and complaints from clients, it is essential for potential buyers to understand the implications of these issues before making a commitment.
Legal Case Overview
Treo Fiveriver Private Limited has faced two legal complaints, both of which resulted in losses for the builder. These cases centered around allegations that the builder failed to fulfill their obligations in developing projects, leading complainants to seek refunds of their paid amounts along with an interest rate of 9.70%. The authority's verdict favored the complainants in both instances by ordering refunds.
Analysis of Builder's Legal History
Cases Lost
The two cases that TREO Fiveriver lost reveal a common pattern:
- Failure to Develop Projects: In both …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against TREO Fiveriver Private Limited, where the builder lost, reveals significant insights into the common themes and disputes surrounding their projects.
The cases highlight two recurring themes: Project Development Delays and Refund Claims with Interest. The complaints primarily revolved around the builder's failure to develop their projects, leading purchasers to seek refunds for the amounts they had paid, along with interest compensation for the delayed actions.
A pattern emerges from these summaries: the common trigger for litigation in these cases was the builder’s inability to fulfill their development commitments. This suggests that purchasers were not only expecting timely progress on their investments but were also counting on the builder to meet contractual obligations, which when unmet, resulted in legal recourse.
The reasons provided for the builder's losses in these cases were strikingly similar. Since the builder's defense was not provided in …
Individual case details available for subscribers.
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