| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
When considering purchasing a property, the builder's reputation is a significant factor for potential buyers. In this blog post, we take a closer look at Vinayak Spacelink, a builder operating in Gujarat, to evaluate their credibility based on available legal records and complaint history.
Builder Profile: Vinayak Spacelink
Vinayak Spacelink, with a reputation built in Gujarat, has had a minimal track record of complaints, with only one recorded complaint against them. However, the outcome of this complaint raises concerns, as the builder has lost the case.
Legal Case Insights
The Complaint
The only complaint submitted against Vinayak Spacelink revolved around the failure to submit quarterly reports. The builder asserted that unforeseen circumstances led to the delays. However, the Gujarat Real Estate Regulatory Authority (RERA) contended that there was no valid reason provided for the delays, resulting in a fine of Rs. 10,000 for non-compliance.
Case Analysis
- Common Factors in …
Cases Lost by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed by the builder Vinayak Spacelink, which it lost, reveals several common themes and insights regarding its legal challenges.
The cases can be grouped into a few key categories that highlight the recurring issues faced by Vinayak Spacelink:
- Non-compliance with Regulatory Requirements: One of the most pronounced themes in these cases is the builder's failure to comply with regulatory standards, specifically in relation to timely submissions of required reports. In the highlighted case, Mr. Vinayak Spacelink was fined for not submitting his quarterly reports on schedule and failing to justify the delay adequately.
- Penalties for Delayed Reporting: The fines imposed by regulatory authorities for late submissions underline an ongoing issue for the builder in handling documentation and timelines effectively. This delay not only incurs penalties but negatively affects the builder's credibility in the market.
- Liability for Project Delays: …
Individual case details available for subscribers.
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