| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Understanding Veracious Builders and Developers Private Limited: A Closer Look
Veracious Builders and Developers Private Limited operates primarily in the state of Karnataka. Like many builders, their operational record provides insights into their performance, reliability, and the level of service potential buyers can expect. This article critically examines the legal cases filed against them and what potential buyers should know before making a purchase.
Builder's Legal Record
Upon reviewing Veracious Builders, we find a total of 1 complaint filed against them. In this instance, the builder did not contest the complaint, leading to unfavorable circumstances for them. Here’s a detailed analysis of the situation:
- Case Filed Against the Builder：
- Complainant Position: The complainant asserted that there was a significant delay in the handover of a flat and sought compensation for the period of delay.
- Respondent Position: Notably, the builder did not appear for the hearing nor contest …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Veracious Builders and Developers Private Limited, where the builder lost, revealed several key themes and patterns. The cases primarily revolved around delayed possession claims, with complainants seeking compensation for the builder's failure to hand over possession of flats on time.
The most notable theme was the frequent invocation of the concept of delay compensation. In one significant case, the builder was directed to pay compensation at the rate of 9% from October 2016 to April 2017 and 2% above the MCLR of SBI from May 2017 to September 12, 2019. This highlights a pattern where builders may be held financially accountable for delays in project completion and delivery.
Common reasons for bringing cases to court included contesting delays attributed to the builder, disputes over the timely fulfillment of contractual obligations, and a general lack of compliance with established timelines. The builder's consistent failure to …
Individual case details available for subscribers.
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