CIN | U45201OR2010PTC011691 |
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Year Established | Not Available |
Address | PLOT NO-173, CUTTACK ROAD BUDHESWARI COLONY , BHUBANESWAR, Orissa, India - 751006 |
Company Status | Private |
Overall Case Outcomes
In the competitive landscape of real estate in India, builders often face scrutiny from buyers regarding their reliability and trustworthiness. Truptikar Infra Private Limited, operating primarily in Odisha, has attracted attention not only for its property offerings but also due to the legal challenges it has faced. This blog post delves into the builder's history, analyzing complaints and legal cases while providing insights for potential buyers.
Truptikar Infra Private Limited has been involved in two significant legal cases, both of which they lost, resulting in a concerning track record. Here's a breakdown of these cases:
The two cases that Truptikar Infra lost reveal some patterns:
In the outlined cases, there are also notable elements:
Overall, Truptikar Infra’s history of record reveals a troubling track of legal losses that potential buyers should consider seriously. Buyers must approach this builder with caution, being acutely aware of their legal standing and the implications of previous complaints.
By being informed and vigilant, potential buyers can make more informed decisions and protect their interests when it comes to real estate investments.
Yearly Trend for these Cases
Analysis of the cases filed against Truptikar Infra Private Limited, where the builder lost, reveals several key themes and patterns. The cases primarily revolve around three common topics: delayed possession claims, penalties for project delays, and disputes over the execution of sale deeds.
The delayed possession claims involve situations where the builder failed to deliver possession of flats to the complainants despite receiving full payment. In these cases, the builder often countered with claims that the balance consideration amount had not been paid, which led to the cancellation of allotment. However, the authority ruled in favor of the complainants, directing the builder to execute sale deeds and hand over possession.
Penalties for project delays emerged as another significant theme. In one case, the authority imposed a penalty of Rs. 9,52,000 on Truptikar Infra Pvt. Ltd. for violating a previous order, highlighting the legal obligations builders have to adhere to timelines and regulatory requirements.
The common reasons people brought cases to court primarily revolved around contesting penalties and disputing delays attributed to other parties. There was also a prevalent issue of disagreements over the execution of sale deeds, which reflects a broader pattern of tension in real estate transactions regarding contractual obligations and document finalization.
Examining the outcomes of these cases, it's evident that Truptikar Infra lost due to several factors. Insufficient evidence to support their claims, non-compliance with legal requirements, and failure to follow interim directions all contributed to the verdicts against them. Moreover, misunderstandings of their obligations regarding sale deed executions resulted in direct rulings against their practices.
Overall, these cases highlight the importance of transparency, adherence to regulations, and fulfilling contractual obligations in real estate. Buyers should be wary of builders with a history of such legal disputes, as it may indicate broader operational issues that could affect their investments.
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