About Paramount Airways Private Limited
Data last updated:
Paramount Airways Private Limited is a private limited company based in Chennai, Tamil Nadu, 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 air transport services segment of the transport and logistics sector. It was incorporated on 01 May 1998.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45201TN1998PTC040435.
The company has an authorised share capital of ₹36 Cr and a paid-up capital of ₹23.99 Cr. It is led by directors Gurubalachandran Enamantram Ramasubramanian and Periakaruppan Chinnaiya.
Its last annual general meeting (AGM) was held on 28 December 2011, and its latest financial statements are for the year ended 31 March 2011. The registered office is at Alexander Square C Wing II Floor 34/35 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032.
The company is associated with 1 brand: Paramount Airways. As per MCA filings, the company has open charges of ₹437.8 Cr and satisfied charges of ₹4 Cr on record. Court records list 303 cases involving the company, including 149 filed by the company and 154 filed against it; 20 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹36.56 Cr; the latest was in April 2006.
The last known website on record is paramountairways.com.
Company details
Contact details
Paramount Airways Private Limited's registered office is in Chennai, Tamil Nadu.
- Registered AddressAlexander Square C Wing II Floor 34/35 Sardar Patel Road Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryTransport and Logistics, Air Transport Services
- 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
Brands
Paramount Airways operates one associated brand: Paramount Airways. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Scheduled passenger flights were provided to corporate travelers in India. | paramountairways.com |
Financials of Paramount Airways Private Limited
FY 2011 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Paramount Airways Private Limited, buy the company report.
Board of directors and KMP of Paramount Airways Private Limited
Paramount Airways Private Limited currently reports 2 directors and 1 key managerial person. 2 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gurubalachandran Enamantram Ramasubramanian | Director | 28 Aug 2009 | 17 Years 1 Months | As last reported |
| Periakaruppan Chinnaiya | Director | 29 Aug 2009 | 17 Years 1 Months | As last reported |
| Kalyanasundaram Gopalasubramaniam | Company Secretary | 03 Mar 2008 | 18 Years 7 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Nov 2009 | 10187846 | Central Bank of India | ₹30 Cr | Open | |
| 23 Sep 2008 | 10128247 | Andhra Bank | ₹29 Cr | Open | |
| 20 Sep 2007 | 10071412 | Indian Bank | ₹31.5 Cr | Open | |
| 09 Aug 2007 | 10065981 | Bank of India | ₹12.5 Cr | Open | |
| 04 Jul 2007 | 10060732 | Bank of India | ₹200 Cr | Open |
To see the full charge records of Paramount Airways Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Paramount Airways Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹36.56 Cr; the latest was in April 2006.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2006 | Funding round · Series A | ₹15 Cr | Investors: Tfo Paramount Limited, Kotak Private Equity |
| Mar 2006 | Funding round | ₹21.56 Cr | Investors: Kotak Private Equity, Paramount Mills Private Limited , BCCL, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Paramount Airways Private Limited has 303 court cases on record: 149 filed by Paramount Airways, 154 filed against it. 20 cases are pending and 283 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 189 | 55 | 9 |
| High courts | 110 | 98 | 11 |
| Supreme Court | 4 | 1 | 0 |
Cases on record (5 of 303)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by M/S Hindustan Petroleum Corporation Ltd, Rep by D.Vijayakumar | Disposed |
| Madras High Court | Court case (CRL OP) | Filed against the company by Hindustan Petroleum Corporation Limited | Disposed |
| Madras High Court | Court case (CRL MP) | Filed against the company by Hindustan Petroleum Corporation Limited | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Paramount Airways Private 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 Paramount Airways Private 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 Paramount Airways Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Paramount Airways Private Limited has 5 board changes on record since 2008: 3 appointments and 2 cessations. The latest: Thiagarajan Murugesan ceased to be Managing Director on 05 Sep 2009.
8 earlier events are in the company report.
Frequently asked questions
Paramount Airways 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.
Paramount Airways is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in air transport services, within the transport and logistics industry. It was incorporated on 01 May 1998 and is registered under CIN U45201TN1998PTC040435. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Paramount Airways has 3 current directors and KMP:
- Gurubalachandran Enamantram Ramasubramanian - Director
- Periakaruppan Chinnaiya - Director
- Kalyanasundaram Gopalasubramaniam - Company Secretary
The latest financial statements of Paramount Airways on record with the MCA are for the year ended 31 March 2011. Its last annual general meeting was held on 28 December 2011. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Paramount Airways is U45201TN1998PTC040435. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paramount Airways has open charges of ₹437.8 Cr and satisfied charges of ₹4 Cr as per latest MCA filings.
Paramount Airways has 303 court cases on record: 149 filed by the company and 154 filed against it. 20 are pending. Most are in the district courts.
Paramount Airways was incorporated on 01 May 1998. It is registered with the Registrar of Companies, Chennai.
Paramount Airways has 2 deals on record (2 funding rounds), with disclosed funding of ₹36.56 Cr; the latest was in April 2006.
Thiagarajan Murugesan ceased to be Managing Director on 05 Sep 2009. Lakshmi Murugesan ceased to be Director on 01 Sep 2009. Periakaruppan Chinnaiya was appointed as Director on 29 Aug 2009. Paramount Airways has 5 board changes on record in total.