| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the competitive landscape of real estate, the reputation of builders can make or break the experience of home buyers. One such builder, VASUDEV DEVELOPERS, has garnered attention due to multiple legal complications. This blog aims to provide a detailed overview of the builder's legal history, analyze patterns in their cases, and guide potential buyers.
Legal Roadmap of VASUDEV DEVELOPERS
VASUDEV DEVELOPERS operates primarily in the state of Gujarat and has faced a total of 6 legal complaints. Alarmingly, none of these complaints were resolved in the builder's favor, marking a blemished legal record. All 6 cases resulted in losses for VASUDEV DEVELOPERS.
Breakdown of Legal Cases
The analysis of the cases reveals several patterns:
- Failure to Comply with Reporting Regulations:
- A significant number of the cases stemmed from the builder's inability to submit required quarterly and annual audit reports as mandated by law. For example, in a …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Vasudev Developers, where the builder lost, reveals several key themes across the various disputes. The cases highlight key issues such as non-compliance with reporting requirements, penalties for project delays, and violations of the Real Estate (Regulation and Development) Act, 2016 (RERA Act) and its rules.
The first theme, non-compliance with reporting requirements, stands out in cases where the builder failed to submit mandatory quarterly reports and annual audit reports. As seen in the case involving the project 'Malahar Wadwala Residency,' the authority imposed a fine for the lack of submitted quarterly reports, which demonstrates the importance of adhering to these regulatory obligations. Similarly, the builder was penalized for not submitting the annual audit report for the financial year 2020-21, attributing the failure to negligence.
The second theme revolves around penalties for project delays. Although specific details of project delays are not provided in the …
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