| CIN | L65190MH2003PLC143249 |
|---|---|
| Year Established | Not Available |
| Address | YES BANK HOUSE, OFF WESTERN EXPRESS HIGHWAY, SANTACRUZ EAST , MUMBAI, Maharashtra, India - 400055 |
| Company Status | Public |
Overall Case Outcomes
Introduction
Yes Bank Limited, a reputed name in the banking sector, has also made its presence known in real estate through various projects across Maharashtra, West Bengal, and Karnataka. However, the bank has been embroiled in numerous legal disputes, with alarming statistics that reveal a troubling pattern in its operations. In recent analyses of its legal battles, it was found that Yes Bank Limited has faced a staggering 134 complaints, losing all of them to date, while also being ordered to provide refunds and compensation to complainants.
Legal Case Patterns
Common Factors in Lost Cases
The cases against Yes Bank Limited present several alarming patterns:
- Refunds Due to Non-Payment: Many complainants have sought refunds for amounts paid towards residential flats, indicating issues related to non-fulfillment of financial commitments by the builder. It emphasizes the importance of making timely and complete payments to avoid disputes.
- Possession Disputes: A consistent …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against the builder which it lost revealed significant insights into the common themes and disputes faced by the builder. The cases can be broadly categorized into several types, including mortgage disclosure disputes, possession claims without authorization, false representations about ownership, violations of the RERA Act, and refund and compensation claims.
Many of the cases revolved around mortgage disclosure disputes, where the builder was accused of mortgaging properties without the knowledge or consent of the buyers. This led to multiple claims of violation of ownership rights and trusts placed by homebuyers. The reason people commonly brought these cases to court was to contest the builder's actions, which were often perceived as deceptive and illegal, leading to a breach in the relationship between buyers and builders.
Possession claims without authorization were another frequent theme. In these cases, the builder, often acting on behalf of a lender, would …
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