| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
Vaibhav Corporation, a construction entity based in Gujarat, has encountered a turbulent journey in the realm of real estate. To provide potential buyers with insights into the builder’s legal standing and what that may imply for future transactions, this post delves into the details of legal cases involving the company.
Legal Case Overview
Despite being involved in two legal complaints, Vaibhav Corporation has not managed to win any cases. The failure to secure victories in these disputes brings clarity to the ongoing issues surrounding the company’s operations.
Legal Case Details
- Case Overview：
- Case 1: The Authority found that Vaibhav Corporation failed to submit quarterly reports as stipulated under the RERA Act. Although they expressed a lack of intention to breach the law, they were still fined Rs. 50,000 and required to comply with reporting obligations.
- Case 2: In a contrasting situation, the second complaint was …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Vaibhav Corporation that it lost reveals several key themes across the disputes raised by the other parties involved. The cases highlight ongoing issues primarily related to the builder's adherence to the Real Estate Regulatory Authority (RERA) Act and Rules, as well as other regulatory requirements.
The first type of case involves Non-compliance with RERA Act and Rules. In one significant instance, the Authority claimed that Vaibhav Corporation failed to submit quarterly reports on time, which is a mandatory requirement to maintain transparency and compliance in real estate projects. Instead of contesting the factual basis of the claim, the builder expressed regret due to their ignorance of the law. This highlights a troubling pattern where builders may not prioritize regulatory compliance, potentially risking their credibility and the trust placed by home buyers.
Penalties for Project Delays is another theme that emerges, albeit indirectly. While …
Individual case details available for subscribers.
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