VISHWANATH CONSTRUCTION COMPANY PRIVATE LIMITED
- No of Complaints: 1
- States (Active in): Madhya Pradesh
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
A Closer Look at Vishwanath Construction Company: Insights for Potential Homebuyers
When it comes to purchasing property, homebuyers want assurance that they are working with a reliable builder. Vishwanath Construction Company Private Limited presents an intriguing case for consideration due to its limited yet impactful track record. Here’s what potential buyers should know.
Company Overview
Vishwanath Construction Company Private Limited operates primarily within Madhya Pradesh and has garnered attention due to its legal history involving buyer complaints. Despite only a singular complaint recorded, the outcome of this complaint raises questions about the builder's reliability.
Legal Case Details
Vishwanath Construction Company has faced a total of 1 complaint. Here’s a summary of that case:
- Appellant Claim: The applicant alleged that the builder did not provide possession of the flat and demanded an additional amount.
- Respondent Claim: The builder countered that the applicant had not paid the full amount owed, which resulted in the non-issuance of possession.
- Final Verdict: The ruling mandated that Vishwanath Construction pay Rs. 2.00 lakh to the applicant and grant possession of the property within 30 days.
This case illustrates the importance of thorough communication and financial transactions in real estate dealings.
Analysis of Legal History
Cases Lost
Given that Vishwanath Construction has lost the only recorded legal case, several patterns can be discerned:
- Lack of Payment: The crux of the issue in the case revolves around payment disputes. This indicates potential financial mismanagement or misunderstandings between the builder and the buyers.
- Possession Obstruction: The failure to provide possession as stipulated in the contract is a significant red flag for any buyer.
Cases Won
Interestingly, the builder does not have any cases won against them. This raises concerns regarding their ability to navigate legal disputes effectively. Their singular case illustrates a failure to adhere to contract terms, further emphasizing caution.
Conclusion
In summary, potential buyers should approach Vishwanath Construction Company with a critical mindset. The sole legal case lost—and the implications surrounding it—suggests a pattern of unresolved disputes that can lead to frustration for homebuyers.
Tips for Potential Buyers
- Thoroughly Review Contracts: Ensure all terms are explicitly stated, particularly regarding payment schedules and possession dates.
- Request Documentation: Validate that the builder has provided all essential documentation concerning their projects and previous transactions.
- Consult Past Buyers: If possible, speak with individuals who have previously worked with the builder to gauge satisfaction levels and overall experiences.
General Tips for Selecting a Builder
- Research Reputation: Investigate online reviews, testimonials, and any complaints lodged against the builder.
- Evaluate Experience: A builder’s track record in completing projects on time and within budget can speak volumes about their reliability.
- Understand Legal Rights: Be informed about your legal rights as a buyer, and know what steps to take should disputes arise.
In conclusion, while there is no extensive history available to form a definitive opinion about Vishwanath Construction Company, the single complaint and its outcome are important factors for potential buyers to consider. Proceed with caution and thorough research to ensure your investment is secure.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against Vishwanath Construction Company Private Limited, where the builder lost, revealed several key themes and patterns. The primary disputes can be categorized into two main topics: Delayed Possession Claims and Payment Disputes.
In the case of Delayed Possession Claims, the applicant often cited the builder's failure to provide possession of the promised property on time. This was frequently coupled with a demand for additional compensation or refunds due to the delay. The builder, on the other hand, typically countered with claims that the full payment for the property had not been received, which is why possession was withheld. The authority's verdict usually pointed to the builder's obligation to fulfill their contractual commitments first, leading to a ruling in favor of the applicant.
Payment Disputes revolved around the builder's assertion that buyers failed to pay the complete agreed-upon amount. However, the underlying issue often connected back to delays in possession, resulting in a standoff where buyers might withhold payment until guaranteed timely possession, and builders might delay possession until full payment was made.
A common trigger for litigation involved the builder’s penalties for project delays and their disputes over payment timelines. Buyers felt cheated when possession was not granted as per the promised timelines, while builders felt buyers were unfulfilling their financial commitments. The builder’s lack of transparency regarding project timelines and expectations arguably contributed significantly to these disputes.
The builder lost these cases primarily due to their inability to meet contractual obligations, particularly concerning timely possession. Additionally, the builder's reliance on counterclaims of withheld payments did not resonate with the authorities when the builder's performance was subpar. Overall, the verdicts emphasize the importance of adhering to agreed timelines and clear communication in real estate transactions.