Asian Power Controls Limited
About Asian Power Controls Limited
Data last updated:
Asian Power Controls Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the generators and transformers segment of the electrical equipment sector. It was incorporated on 09 January 1984.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31101MH1984PLC031791.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹7.75 Lakh. It is led by directors including Amrit Newar and Padmavathy.
Its last annual general meeting (AGM) was held on 30 September 2011, and its latest financial statements are for the year ended 31 March 2011. The registered office is at 96 Arcadia Nariman Point, Mumbai, Maharashtra, India – 400021.
As per MCA filings, the company has open charges of ₹20.13 Cr and satisfied charges of ₹1 Cr on record. Court records list 37 cases involving the company, including 19 filed by the company and 18 filed against it; 2 cases are pending.
Company details
Contact details
Asian Power Controls Limited's registered office is in Mumbai, Maharashtra.
- Registered Address96 Arcadia Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryElectrical, Generators and Transformers, Manufacturing, Electric Motors
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Asian Power Controls Limited
FY 2011 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Asian Power Controls Limited, buy the company report.
Board of directors of Asian Power Controls Limited
Asian Power Controls has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amrit Newar Also directs: Hallex Engineering and Infrastructure Private Limited | Director | 05 May 2012 | 14 Years 5 Months | As last reported |
| Padmavathy Also directs: Hallex Engineering and Infrastructure Private Limited | Director | 05 May 2012 | 14 Years 5 Months | As last reported |
| Davinder Bakshi | Director | 05 May 2012 | 14 Years 5 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2010 | 10217052 | Allahabad Bank | ₹14.75 Cr | Open | |
| 07 Mar 2009 | 10146653 | 3I Infotech Trusteeship Services Limited | ₹80 Lakh | Open | |
| 07 Mar 2009 | 10146651 | 3I Infotech Trusteeship Services Limited | ₹3.58 Cr | Open | |
| 05 Jan 2009 | 10139333 | Corporation Bank | ₹1 Cr | Open | |
| 29 Apr 1986 | 90211509 | Bank of Credit & Commerce International (Overseas) Ltd. | ₹1 Cr | Satisfied |
To see the full charge records of Asian Power Controls Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Asian Power Controls Limited has 37 court cases on record: 19 filed by Asian Power Controls, 18 filed against it. 2 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 30 | 16 | 2 |
| District courts | 6 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Pegasus Assets Reconstruction Private Limited | Disposed |
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against Pegasus Assets Reconstruction Pvt Ltd (Secured Creditor)1 and 10 others | Disposed |
| High Court of Delhi | Court case (EX.P.) | Filed against the company by Kotak Mahindra Prime Ltd | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by M/S Leaseplan India Pvt Ltd | Disposed |
| Bombay High Court | Company petition | Filed against the company by M/S. Leaseplan India Private Limited (Formerly Known As Leaseplan India Limited) and 1 other | Disposed |
To see the full case history of Asian Power Controls Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Asian Power Controls Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Asian Power Controls Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Asian Power Controls Limited has 11 board changes on record since 2007: 3 appointments and 8 cessations. The latest: Nisha Gupta ceased to be Director on 07 May 2012.
8 earlier events are in the company report.
Frequently asked questions
Asian Power Controls is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Asian Power Controls is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in generators and transformers, within the electrical industry. It was incorporated on 09 January 1984 and is registered under CIN U31101MH1984PLC031791. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Asian Power Controls has 3 current directors:
- Amrit Newar - Director
- Padmavathy - Director
- Davinder Bakshi - Director
The latest financial statements of Asian Power Controls on record with the MCA are for the year ended 31 March 2011. Its last annual general meeting was held on 30 September 2011. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Asian Power Controls is U31101MH1984PLC031791. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asian Power Controls has open charges of ₹20.13 Cr and satisfied charges of ₹1 Cr as per latest MCA filings.
Asian Power Controls has 37 court cases on record: 19 filed by the company and 18 filed against it. 2 are pending. Most are in the high courts.
Asian Power Controls was incorporated on 09 January 1984. It is registered with the Registrar of Companies, Mumbai.
Nisha Gupta ceased to be Director on 07 May 2012. Radheshyam Kumawat ceased to be Additional Director on 07 May 2012. Amrit Newar was appointed as Director on 05 May 2012. Asian Power Controls has 11 board changes on record in total.
The registered office of Asian Power Controls is at 96 Arcadia Nariman Point, Mumbai, Maharashtra, India – 400021.