VIVEKANANDA ARCADE PRIVATE LIMITED
- No of Complaints: 1
- States (Active in): Gujarat
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
When investing in real estate, understanding the reputation and track record of builders is crucial for potential buyers. This blog post focuses on Vivekananda Arcade Private Limited, examining their legal cases, customer complaints, and overall performance to help guide future homeowners in their decision-making process.
Builder Overview: Vivekananda Arcade Private Limited
Vivekananda Arcade Private Limited operates primarily in Gujarat and has faced a total of one legal complaint. Analyzing their case outcomes offers useful insight into how they manage their projects and adhere to legal obligations.
Legal Case Details
The builder has had one case filed against them, which they ultimately lost. The details of the case are as follows:
- Appellant Claim: The promoter claimed that they could not fill Form-P within the time limit.
- Respondent Claim: The Authority stated that the promoter failed to submit the annual audit report within the prescribed time frame and did not provide a valid explanation for this lapse.
- Final Verdict: The Authority imposed a penalty of Rs. 15,000 and directed the promoter to submit the required report within 30 days.
Analysis of Legal Cases
Common Factors in Lost Cases
The sole case lost by Vivekananda Arcade highlights specific patterns:
- Failure to Meet Deadlines: A recurring theme in this case was the inability of the builder to comply with important deadlines, as evidenced by their failure to fill out Form-P on time.
- Lack of Explanation: The builder was unable to provide a valid explanation for their failure to submit the necessary documents, which suggests a potential lack of organization or foresight in project management.
Common Factors in Won Cases
As of now, Vivekananda Arcade has not won any cases, indicating a somewhat concerning track record in resolving legal disputes favorably. The absence of victories raises questions about the builder’s adherence to regulatory requirements and their responsiveness to client concerns.
Conclusion
Based on the information available, Vivekananda Arcade Private Limited has a limited legal history with one case that they lost, involving significant compliance issues. Potential buyers should exercise caution when considering properties from this builder. Here are some tips to keep in mind:
Tips for Potential Buyers
- Conduct Thorough Research: Before making any commitments, ensure you research the builder's history, including any past complaints or legal issues.
- Request Documentation: Always ask for documentation that proves the builder complies with legal requirements and timelines.
- Consult Past Clients: Speak with previous customers to gauge their satisfaction and experiences, which can provide invaluable insight into the builder’s reputation.
General Tips for Selecting a Builder
- Check Credentials: Ensure the builder is licensed and has necessary certificates.
- Look for Reviews: Consult online reviews and ratings to get a broader understanding of the builder's work.
- Visit Previous Projects: If possible, visiting past projects can provide a firsthand look at the quality of construction and adherence to timelines.
In summary, while Vivekananda Arcade Private Limited may have potential, their legal challenges warrant careful consideration from any prospective buyer.
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Here you’ll find cases where the builder sued others but didn’t win. We’ve included a simple summary and key takeaways from each case.
The analysis of the cases filed by the builder Vivekananda Arcade Private Limited, which it lost, revealed insightful information about the recurring issues faced by the company. The cases can primarily be grouped under a few common themes: Regulatory Non-compliance, Penalties for Late Submissions, and Delayed Reporting Obligations. Each of these categories provides a lens through which one can better understand the challenges the builder encountered with regulatory bodies and how such disputes escalated into legal matters.
In terms of Regulatory Non-compliance, the builder frequently found itself at odds with authorities over failure to adhere to established regulations or submission deadlines. This theme underscores a broader concern regarding the builder’s ability to meet regulatory requirements, which is crucial in the real estate sector.
Under the penalties for late submissions, the builder notably faced fines, as seen with the case involving the submission of an annual audit report. Such penalties highlight the importance of timely compliance not just for avoiding fines, but for maintaining a good standing with regulatory authorities.
A common trigger for the builder’s litigation appears to stem from misunderstandings or disputes related to reporting obligations. In this instance, the builder claimed difficulties meeting a specific form's submission criteria. This suggests potential miscommunication or lack of clarity regarding obligations, which can be a recurring issue in the industry.
Examining why the builder lost these cases reveals critical shortcomings, primarily revolving around insufficient evidence and regulatory non-compliance. The builder often failed to present adequate reasoning or documentation to support claims in court, leading to unfavorable verdicts. Moreover, neglecting to fulfill interim directives, such as timely submissions mandated by regulatory authorities, further eroded their position in these disputes. The repeated failure to meet legal or regulatory expectations demonstrates a pattern that potential buyers should take into account when evaluating the reliability of Vivekananda Arcade Private Limited.
In conclusion, prospective buyers must exercise caution and conduct thorough due diligence regarding the builder’s legal history and compliance record. The trends highlighted by these cases indicate potential risks that could impact future projects and overall trustworthiness in completing transactions smoothly.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| GI/CMP/NCAR/KUTCH/2… | Gujarat | The promoter, Vivekananda Arcade Private Limited,… | ["Non-submission of… | {"appellant_claim": "The promoter claimed that th… | Vivekananda Arcade … | Gujarat Real Estate… | https://drive.google.com/uc?id=1V8FKn7ugnxg70haRU0un6Sb3iAz_UuJP |