| CIN | U70102UP2016PTC077236 |
|---|---|
| Year Established | Not Available |
| Address | Plot No. 1B, 6th Floor, Ace Studio, Sector 126 Noida NOIDA Gautam Buddha Nagar UP 201301 IN |
| Company Status | Private |
Overall Case Outcomes
Introduction
Wondrous Buildmart Private Limited is a builder active in the state of Uttar Pradesh, holding a notable record in legal cases. With a reported 36 complaints and an impressive statistic of having won all cases thus far, this company has garnered attention in the real estate market. However, the specifics surrounding the complaints and outcomes reveal important insights for potential buyers.
Overview of Legal Cases
Despite the overall success in legal disputes, Wondrous Buildmart has faced challenges primarily concerning their failure to secure subvention loans as outlined in their agreements. Out of the 36 cases filed, all were won, but it’s crucial to analyze the nature of these claims and the reasons behind the complaints.
Common Patterns in Cases Lost
- Failure to Secure Financial Agreements: A consistent theme across the cases involved the builder's inability to secure a subvention loan. The appellants often claimed that this failure led …
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, which the builder won, revealed the following information. The cases primarily revolved around claims that WONDROUS BUILDMART PRIVATE LIMITED failed to secure subvention loans, which led appellants to seek additional payments or demand compensation in various forms, including interest and penalties. Many allegations not only cited financial grievances but also framed the claims within the context of insufficient provision within loan agreements, or failures perceived against stipulated guidelines. Moreover, various disputes also involved fundamental disagreements over the regulatory authority's decisions, with appellants arguing that these orders were made without proper application of judgment.
The reasons for these cases generally stemmed from misunderstandings or differing interpretations regarding financial obligations and loan provisions. There appears to be a pattern where buyers felt aggrieved when financial mechanisms, central to their purchases, were not fulfilled as expected. Such grievances often led to claims that were …
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