| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
When considering a property investment, the history and track record of builders are vital in evaluating the potential for a successful transaction. In this blog post, we delve into Wave Estate, a builder operating primarily in Punjab, to assess their legal status through the lens of complaints and legal cases recorded against them.
Overview of Wave Estate
Wave Estate has faced a total of 4 complaints against them. Of these cases, they have won 2 and lost 2, revealing a mixed performance in legal disputes that may influence potential buyers' decisions.
Analysis of Legal Cases
Cases Lost by Wave Estate
In the 2 cases that Wave Estate lost, the common theme revolves around the nature of the claims filed. In both scenarios, the complaints were withdrawn, indicating that the issues raised were not sufficiently substantiated or may have arisen from misunderstandings. Notably, Wave Estate contested that they are not …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Wave Estate that it lost reveals several key points across the board. The disputes can primarily be categorized into two main themes: disputes over project delays and contractual disputes.
The cases that fall under the category of project delays all revolve around the dissatisfaction expressed by the complainants regarding the management and execution of projects by Wave Estate. Common reasons for bringing these cases to court include delays in possession, unfulfilled promises regarding project timelines, and a lack of communication regarding project updates. The builders’ defense in these instances was notably absent, leading to a series of cases where the complaints were ultimately compromised and satisfied, presumably through negotiations or settlements that reflected the builders' failure to uphold their commitments.
Contractual disputes represent the other major theme in the cases against Wave Estate. These disputes often arise from misunderstandings or violations of …
Individual case details available for subscribers.
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, Wave Estate, which the builder won, revealed the following information. The cases can be categorized primarily under two themes: Builder Legal Status Disputes and Claim Validity Issues.
- Builder Legal Status Disputes: These cases focus on the legal standing of Wave Estate itself. In the analyzed cases, it was established that Wave Estate was not recognized as a legal entity in the context of the complaints and that the actual promoter of the project was a different entity, M/s Country Colonizers Pvt. Ltd. These disputes underline the importance of proper legal structure and representation in real estate dealings.
- Claim Validity Issues: The primary claims made by complainants in these cases were vague and did not present clear reasons for why litigation was initiated against the builder. The complaints were eventually dismissed as withdrawn, highlighting a significant …
Individual case details available for subscribers.
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