| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
When considering a builder for your next property investment, it’s vital to perform thorough due diligence. One of the builders to research is VISION DEVELOPERS, operating in Gujarat. This post aims to analyze the builder’s legal track record, victim complaints, and what that means for potential buyers.
Legal Overview
Complaints and Verdicts
- Number of Complaints: 4
- Cases Won: 0
- Cases Lost: 4
The small number of complaints against VISION DEVELOPERS may seem reassuring at first glance. However, the crucial aspect is that all four cases have resulted in losses for the builder, indicating a pattern that potential buyers should consider seriously.
Analysis of Legal Cases
Cases Lost
- Case Summary:
1. The appellant claimed that they had not violated any regulations and asserted that their project was registered with the authority. Conversely, the respondent (the authority) maintained that the appellant had failed to register their project properly. The …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Vision Developers, where the builder lost, revealed significant insights into their legal disputes. The cases can be broadly categorized into three themes: Non-compliance with Regulatory Requirements, Penalties for Project Delays, and Failure to Submit Mandatory Reports.
The first theme, Non-compliance with Regulatory Requirements, encompasses the builder's violations of the Real Estate (Regulation and Development) Act, 2016. For instance, Vision Developers was fined Rs. 25,000 for not adhering to the provisions set forth in this legislation. This highlights a troubling pattern of disregard for regulatory obligations, which is a common trigger for litigation in the real estate sector.
The second theme, Penalties for Project Delays, is closely related to the first. Delays in project completion resulted in penalties, as seen in the case where the promoters were ordered to pay penalties for not submitting final reports on their completed projects. This indicates that one of …
Individual case details available for subscribers.
Cases Lost by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed by the builder, VISION DEVELOPERS, which it lost, reveals crucial insights into the common themes surrounding its legal struggles. The issues primarily encompass Regulatory Non-compliance, specifically focusing on the failure to register projects with authorities, and the repercussions associated with such oversights. These cases predominantly feature disputes involving penalties for violations that were successfully claimed by opposing parties, based on the builder's regulatory lapses.
The instances of litigation predominantly arose from a few reasons. The builder sought to contest penalties by asserting that they had adhered to regulations, often leading to disputes over the registration status of their projects. The cases suggest a tendency for the builder to challenge regulatory authorities when faced with financial sanctions. A pattern emerges that indicates the builder often attributed project delays or issues to external factors, but these claims seemed insufficient in light of regulatory scrutiny.
Upon examining the …
Individual case details available for subscribers.
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