About Nova Oleochem Limited
Data last updated:
Nova Oleochem Limited is a public limited company based in Thane, 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 chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 16 August 2000.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH2000PLC128262. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹7.65 Cr and a paid-up capital of ₹7.49 Cr. It was formerly known as Neelam Oiltrade Limited and Nova Oleochem Private Limited. It is led by directors including Ketan Fatehchand Karani (Managing Director) and Anantkumar Nandkishor Thakar.
Its last annual general meeting (AGM) was held on 30 September 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office is at W – 114(A) M.I.D.C Kharvai Badlapur (East), Thane, Maharashtra, India – 421503.
As per MCA filings, the company has open charges of ₹20.05 Cr and satisfied charges of ₹18.6 Cr on record. Court records list 32 cases involving the company, including 14 filed by the company and 18 filed against it; 5 cases are pending.
The last known website on record is novaoleochem.com.
Company details
Name history
Nova Oleochem has undergone 2 name changes throughout its history. The company was previously known as Neelam Oiltrade Limited, and Nova Oleochem Private Limited. The current legal name is Nova Oleochem Limited.
| Company Name | Status |
|---|---|
| Nova Oleochem Limited | Current |
| Neelam Oiltrade Limited | Previous |
| Nova Oleochem Private Limited | Previous |
CIN history
Nova Oleochem has one previous CIN (Corporate Identification Number): U51900MH2000PTC128262. The current CIN is U51900MH2000PLC128262, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MH2000PLC128262 | Current |
| U51900MH2000PTC128262 | Previous |
Contact details
Nova Oleochem Limited's registered office is in Thane, Maharashtra.
- Registered AddressW – 114(A) M.I.D.C Kharvai Badlapur (East), Thane, Maharashtra, India – 421503
- IndustryChemicals and Materials, Chemical Distribution & Retail
- 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 Nova Oleochem Limited
FY 2014 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Nova Oleochem Limited, buy the company report.
Board of directors of Nova Oleochem Limited
Nova Oleochem has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ketan Fatehchand Karani Also directs: Karani Traders Private Limited | Managing Director | 07 Apr 2008 | 18 Years 6 Months | As last reported |
| Anantkumar Nandkishor Thakar | Director | 10 May 2007 | 19 Years 5 Months | As last reported |
| Mamta Manoj Varma | Director | 31 Jul 2006 | 20 Years 2 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2011 | 10315139 | State Bank of India | ₹20.05 Cr | Open | |
| 26 Jul 2010 | 10234649 | Standard Chartered Bank | ₹9.5 Cr | Satisfied | |
| 31 Dec 2009 | 10199326 | Bank of Baroda | ₹7.5 Cr | Satisfied | |
| 25 Feb 2003 | 90353069 | Dena Bank | ₹1.6 Cr | Satisfied |
To see the full charge records of Nova Oleochem Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Nova Oleochem Limited has 32 court cases on record: 14 filed by Nova Oleochem, 18 filed against it. 5 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 11 | 3 |
| High courts | 11 | 7 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHS) | Filed against the company by Magma Fincorp Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Dhanlaxmi Bank Ltd Kalpana Ravikumar | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed against the company by Khushbu Dye-Chem Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by Khushbu Dye-Chem Pvt Ltd | Disposed |
To see the full case history of Nova Oleochem 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 Nova Oleochem Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nova Oleochem has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Nova Oleochem Limited, buy the company report.
Recent activity
Nova Oleochem Limited has 7 board changes on record since 2006: 3 appointments and 4 cessations. The latest: Alka Ketan Karani ceased to be Additional Director on 09 Jul 2013.
7 earlier events are in the company report.
Frequently asked questions
Nova Oleochem 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.
Nova Oleochem is a company under liquidation, formerly operating as a public limited company based in Thane, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 16 August 2000 and is registered under CIN U51900MH2000PLC128262. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nova Oleochem has 3 current directors:
- Ketan Fatehchand Karani - Managing Director
- Anantkumar Nandkishor Thakar - Director
- Mamta Manoj Varma - Director
The latest financial statements of Nova Oleochem on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 30 September 2014. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nova Oleochem is U51900MH2000PLC128262. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nova Oleochem has open charges of ₹20.05 Cr and satisfied charges of ₹18.6 Cr as per latest MCA filings.
Nova Oleochem has 32 court cases on record: 14 filed by the company and 18 filed against it. 5 are pending. Most are in the district courts.
Nova Oleochem was incorporated on 16 August 2000. It is registered with the Registrar of Companies, Mumbai.
Alka Ketan Karani ceased to be Additional Director on 09 Jul 2013. Neil Ketan Karani ceased to be Additional Director on 25 Feb 2012. Ravindra Vishnuprasad Joshi ceased to be Director on 27 Oct 2011. Nova Oleochem has 7 board changes on record in total.
Nova Oleochem can be reached through the website novaoleochem.com. Its registered office is in Thane, Maharashtra, India.
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