Classic Credit Ltd
About Classic Credit Ltd
Data last updated:
Classic Credit Ltd is a public limited company based in Kolkata, West Bengal, 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 credit allocation agencies segment of the financial services sector. It was incorporated on 10 May 1988.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U65921WB1988PLC044383.
The company has an authorised share capital of ₹45.5 Cr and a paid-up capital of ₹30.2 Cr. It is led by directors including Kirtikumar Narbheram Parekh and Kartik Kirtikumar Parekh.
Its last annual general meeting (AGM) was held on 29 September 2006, and its latest financial statements are for the year ended 31 March 2006. The registered office is at 32 Ezra Streetroom No 267 Todi Mansion, Kolkata, West Bengal, India – 700001.
As per MCA filings, the company has open charges of ₹8.5 Cr on record. Court records list 107 cases involving the company, including 17 filed by the company and 90 filed against it; 29 cases are pending.
Company details
CIN history
Classic Credit has one previous CIN (Corporate Identification Number): U65921WB1988PTC044383. The current CIN is U65921WB1988PLC044383, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921WB1988PLC044383 | Current |
| U65921WB1988PTC044383 | Previous |
Contact details
Classic Credit Ltd's registered office is in Kolkata, West Bengal.
- Registered Address32 Ezra Streetroom No 267 Todi Mansion, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Credit Allocation Agencies, Hire Purchase, Other Financial Intermediation
- 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 Classic Credit Ltd
FY 2006 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Classic Credit Ltd, buy the company report.
Board of directors of Classic Credit Ltd
Classic Credit has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kirtikumar Narbheram Parekh Also directs: Luminant Investments Limited | Director | 23 Mar 1999 | 27 Years 7 Months | As last reported |
| Kartik Kirtikumar Parekh Also directs: Classic Infin Limited, Triumph Securities Limited | Director | 23 Mar 1999 | 27 Years 7 Months | As last reported |
| Kaushik Chhotalal Shah Also directs: Classic Infin Limited, Panther Industrial Products Limited, Classic Share & Stock Broking Services Ltd. and 4 more | Director | 01 Aug 2006 | 20 Years 2 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2001 | 90252798 | Bank of Punjab | ₹8.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Classic Credit Ltd has 107 court cases on record: 17 filed by Classic Credit, 90 filed against it. 29 cases are pending and 78 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 62 | 46 | 11 |
| District courts | 38 | 38 | 13 |
| Supreme Court | 7 | 6 | 5 |
Cases on record (5 of 107)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Kopran Limited Authorized Signatory Basant Kumar Soni | Pending |
| Supreme Court | Court case (1816-Ordinary Civil Matters : Appeals u/s 10 of Special Courts (Trial of offences relating to Transactions in Securities) Act, 1992) | Filed against the company by KNP Securities Pvt. Ltd. Through Its Director 9, Bhupen Chambers, Ground Floor, Dalal Street, Fort, Mumbai ,Mumbai , Maharashtra and 16 others | Pending |
| Supreme Court | Court case (1816-Ordinary Civil Matters : Appeals u/s 10 of Special Courts (Trial of offences relating to Transactions in Securities) Act, 1992) | Filed against the company by Panther Fincap and Management Services Ltd. Having Its Office at 9 Bhupen Chambers, Ground Floor, Dalal Street, Fort, , District: . ,Mumbai , Maharashtra and 13 others | Pending |
| Supreme Court | Court case (1816-Ordinary Civil Matters : Appeals u/s 10 of Special Courts (Trial of offences relating to Transactions in Securities) Act, 1992) | Filed against the company by Triumph International Finance India Ltd. Through Its Director Office at Oxford Centre, 10 Shrofflane, Colaba Causeway, Colaba,Mumba ,Mumbai , Maharashtra | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
To see the full case history of Classic Credit Ltd, 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 Classic Credit Ltd; 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 Classic Credit Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Classic Credit Ltd has 3 board changes on record since 1999: 3 appointments. The latest: Kaushik Chhotalal Shah was appointed as Director on 01 Aug 2006.
Frequently asked questions
Classic Credit 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.
Classic Credit is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in credit allocation agencies, within the financial services industry. It was incorporated on 10 May 1988 and is registered under CIN U65921WB1988PLC044383. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Classic Credit has 3 current directors:
- Kirtikumar Narbheram Parekh - Director
- Kartik Kirtikumar Parekh - Director
- Kaushik Chhotalal Shah - Director
The latest financial statements of Classic Credit on record with the MCA are for the year ended 31 March 2006. Its last annual general meeting was held on 29 September 2006. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Classic Credit is U65921WB1988PLC044383. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Classic Credit has open charges of ₹8.5 Cr and no satisfied charges on record as per latest MCA filings.
Classic Credit has 107 court cases on record: 17 filed by the company and 90 filed against it. 29 are pending. Most are in the high courts.
Classic Credit was incorporated on 10 May 1988. It is registered with the Registrar of Companies, Kolkata.
Kaushik Chhotalal Shah was appointed as Director on 01 Aug 2006. Kartik Kirtikumar Parekh was appointed as Director on 23 Mar 1999. Kirtikumar Narbheram Parekh was appointed as Director on 23 Mar 1999.
The registered office of Classic Credit is at 32 Ezra Streetroom No 267 Todi Mansion, Kolkata, West Bengal, India – 700001.