| CIN | U45400AP2011PTC076752 |
|---|---|
| Year Established | Not Available |
| Address | DR. NO: - 49-54-7/4, AJITHA APARTMENTS, B.S. LAYOUT, SEETHAMMADHARA ROAD , VISAKHAPATNAM, Andhra Pradesh, India - 530013 |
| Company Status | Private |
Overall Case Outcomes
Introduction
In the bustling real estate market of Karnataka, one builder that has come under scrutiny is Venkateswara Infraprojects Private Limited. While the company has successfully managed a variety of projects, it's imperative for potential buyers to consider the builder's legal track record before making any purchasing decisions. This article delves into Venkateswara Infraprojects' legal disputes, assessing its performance and providing crucial tips for buyers.
Overview of Legal Cases
A singular legal dispute has been reported involving Venkateswara Infraprojects. In this case, the builder lost against the complainant, who sought a refund along with repayment of an outstanding loan totaling Rs. 39.39 lakhs. The builder, on the other hand, contended that the agreement was cancelled by the complainant, negating any entitlement to the refund. Ultimately, the legal authority directed Venkateswara Infraprojects to pay Rs. 26.13 lakhs with interest to the complainant.
Analysis of Legal Patterns
Cases Lost
The sole case …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Venkateswara Infraprojects Private Limited, where the builder lost, reveals several key themes and patterns. The primary disputes can be categorized into two main topics: Refund and Repayment Disputes, and Cancellation of Agreement Claims.
The cases often revolved around the builder's failure to fulfill agreements, leading to claims from the complainants seeking substantial refunds and repayments. In one notable case, the complainant sought a refund of Rs. 14 lakhs along with the repayment of an outstanding loan of Rs. 39.39 lakhs. The builder's defense was rooted in their claim that the complainant had canceled the agreement, thus forfeiting their right to a refund. However, the Authority ruled in favor of the complainant, directing the builder to pay Rs. 26.13 lakhs with interest.
Common reasons for litigation in these cases include disputes over financial obligations, particularly refunds and loan repayments, and the …
Builder Reviews
No reviews for this builder yet. Be the first one to share your thoughts!
Submit Your Review
Interested in buying from VENKATESWARA INFRAPROJECTS PRIVATE LIMITED?
Leave your details – our team will call you back within 5 minutes.