About Abs Spinning Orissa Ltd
Data last updated:
Abs Spinning Orissa Ltd is a public limited state government company based in Bhubaneswar, Odisha, 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 cotton fiber segment of the textiles sector. It was incorporated on 04 January 1980.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U17111OR1980SGC000854.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Arabinda Acharya (Managing Director) and Prafulla Chandra Mohanta.
Its last annual general meeting (AGM) was held on 29 September 2009, and its latest financial statements are for the year ended 31 March 2009. The registered office is at Qr.No.3R/7 Unit – IX Idc Colony, Bhubaneswar, Odisha, India.
As per MCA filings, the company has open charges of ₹21.02 Cr on record. Court records list 17 cases involving the company, including 7 filed by the company and 10 filed against it; 3 cases are pending.
The last known website on record is idcorissa.com.
Company details
CIN history
Abs Spinning Orissa has one previous CIN (Corporate Identification Number): U17111OR1980PLC000854. The current CIN is U17111OR1980SGC000854, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17111OR1980SGC000854 | Current |
| U17111OR1980PLC000854 | Previous |
Contact details
Abs Spinning Orissa Ltd's registered office is in Bhubaneswar, Odisha.
- Registered AddressQr.No.3R/7 Unit – IX Idc Colony, Bhubaneswar, Odisha, India
- IndustryTextile, Cotton Fiber, Spinning & Weaving, Textile Weaving
- 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 Abs Spinning Orissa Ltd
FY 2009 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Abs Spinning Orissa Ltd, buy the company report.
Board of directors of Abs Spinning Orissa Ltd
Abs Spinning Orissa has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prafulla Chandra Mohanta | Director | 21 Jan 2008 | 18 Years 9 Months | As last reported |
| Aurobindo Behera | Director | 16 Jan 2009 | 17 Years 9 Months | As last reported |
| Pravakar Mohanty Also directs: Balasore Alloys Limited | Director | 21 Jan 2008 | 18 Years 9 Months | As last reported |
| Arabinda Acharya | Managing Director | 27 Feb 2010 | 16 Years 7 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2005 | 80009932 | The Industrial Development Corpn of Orissa Ltd | ₹21.02 Cr | Open |
To see the full charge records of Abs Spinning Orissa Ltd, buy the company report.
Total charge records: 1 View all charges
Legal cases
Abs Spinning Orissa Ltd has 17 court cases on record: 7 filed by Abs Spinning Orissa, 10 filed against it. 3 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 6 | 3 |
| Supreme Court | 4 | 2 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (APD) | Filed by the company against Kwality Builders & Developers Limited & Anr. | Disposed |
| Supreme Court | Court case (1001-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters relating to winding up) | Filed against the company by M/S. Ruhatiya Spinners Pvt. Ltd. | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Kwality Builders & Developers Ltd.. | Disposed |
| High Court | Court case (APO) | Filed by the company against Kwality Builders & Developers Ltd. | Disposed |
| High Court | Civil suit | Filed against the company by Kwality Builders & Developers Ltd. | Disposed |
To see the full case history of Abs Spinning Orissa 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 Abs Spinning Orissa 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 Abs Spinning Orissa Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Abs Spinning Orissa Ltd has 8 board changes on record since 2007: 4 appointments and 4 cessations. The latest: Arabinda Acharya was appointed as Managing Director on 27 Feb 2010.
1 earlier event is in the company report.
Frequently asked questions
Abs Spinning Orissa 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.
Abs Spinning Orissa is a company under liquidation, formerly operating as a public limited state government company based in Bhubaneswar, Odisha, India. The company works in cotton fiber, within the textile industry. It was incorporated on 04 January 1980 and is registered under CIN U17111OR1980SGC000854. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Abs Spinning Orissa has 4 current directors:
- Arabinda Acharya - Managing Director
- Prafulla Chandra Mohanta - Director
- Aurobindo Behera - Director
- Pravakar Mohanty - Director
The latest financial statements of Abs Spinning Orissa on record with the MCA are for the year ended 31 March 2009. Its last annual general meeting was held on 29 September 2009. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Abs Spinning Orissa is U17111OR1980SGC000854. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abs Spinning Orissa has open charges of ₹21.02 Cr and no satisfied charges on record as per latest MCA filings.
Abs Spinning Orissa has 17 court cases on record: 7 filed by the company and 10 filed against it. 3 are pending. Most are in the high courts.
Abs Spinning Orissa was incorporated on 04 January 1980. It is registered with the Registrar of Companies, Cuttack.
Arabinda Acharya was appointed as Managing Director on 27 Feb 2010. Bhubaneswar Padhy ceased to be Managing Director on 27 Feb 2010. Ashokkumar Kaluaram Meena ceased to be Director on 16 Jan 2009. Abs Spinning Orissa has 8 board changes on record in total.
Abs Spinning Orissa can be reached through the website idcorissa.com. Its registered office is in Bhubaneswar, Odisha, India.