About Paramount Mills Private Limited
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Paramount Mills Private Limited is a private limited company based in Madurai, 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 textile and fabric production segment of the manufacturing sector. It was incorporated on 20 February 1998.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U17293TN1998PTC039948. Its GSTIN is 33AABCP4054H2ZO (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Ponnusamy Vijayaraja and Thangaraj Jeyakumar.
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 Rajapalayam Road N.H.208 T.Pudupatti Post Thirumangalam 625704, Madurai, Tamil Nadu, India – 625704.
As per MCA filings, the company has open charges of ₹5.5 Cr and satisfied charges of ₹6.75 Cr on record. Court records list 57 cases involving the company, including 10 filed by the company and 47 filed against it; 3 cases are pending.
The last known website on record is paramount-mills.com.
Company details
Contact details
Paramount Mills Private Limited's registered office is in Madurai, Tamil Nadu.
- Registered AddressRajapalayam Road N.H.208 T.Pudupatti Post Thirumangalam 625704, Madurai, Tamil Nadu, India – 625704
- IndustryManufacturing, Textile & Fabric Production
- 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 Paramount Mills Private Limited
FY 2011 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Paramount Mills Private Limited, buy the company report.
Board of directors of Paramount Mills Private Limited
Paramount Mills has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ponnusamy Vijayaraja Also directs: Paramount Rewards Private Limited | Director | 25 Aug 2013 | 13 Years 1 Months | As last reported |
| Thangaraj Jeyakumar Also directs: Paramount Rewards Private Limited | Director | 12 Jan 2015 | 11 Years 9 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Aug 2000 | 90285367 | International Asset Reconstruction Company Private Limited | ₹5.5 Cr | Open | |
| 20 Mar 2000 | 80052014 | Industrial Development Bank of India | ₹6.75 Cr | Satisfied |
To see the full charge records of Paramount Mills Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Paramount Mills Private Limited has 57 court cases on record: 10 filed by Paramount Mills, 47 filed against it. 3 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 46 | 39 | 2 |
| District courts | 4 | 4 | 1 |
| NCLT | 4 | 2 | 0 |
| Supreme Court | 2 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Principal Bench | Court case (TA(IBC)) | Filed against the company by Venget Rao Liquidator in Respect of M/S Briar Knoll Mills Private Limited | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by India Growth Fund Trustee Kotak Mahindra Trusteeship Services Ltd A Unit Scheme of Kotak Seaf India Fund 27 BKC Plot No C27, Block G, Bandra Kurla Complex , District: Bandra East ,Mumbai , Maharashtra | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by International Asset Reconstruction Company Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Jughead Exports Pvt.Ltd. | Disposed |
| District court, Guntur, Andhra Pradesh | Criminal complaint | Filed against the company by Sree Lalitha Parameswari Spinning Mills Pvt, Ltd., | Disposed |
To see the full case history of Paramount Mills 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 Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Paramount Mills has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCP4054H2ZO | Tamil Nadu | Active | 25 Feb 2021 |
To see the full GST registrations and return filing status of Paramount Mills Private Limited, buy the company report.
Recent activity
Paramount Mills Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Ponnusamy Vijayaraja ceased to be Director on 28 Jan 2016.
1 earlier event is in the company report.
Frequently asked questions
Paramount Mills 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 Mills is a company under liquidation, formerly operating as a private limited company based in Madurai, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 20 February 1998 and is registered under CIN U17293TN1998PTC039948. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Paramount Mills has 2 current directors:
- Ponnusamy Vijayaraja - Director
- Thangaraj Jeyakumar - Director
The latest financial statements of Paramount Mills 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 Paramount Mills is U17293TN1998PTC039948. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paramount Mills has open charges of ₹5.5 Cr and satisfied charges of ₹6.75 Cr as per latest MCA filings.
Paramount Mills has 57 court cases on record: 10 filed by the company and 47 filed against it. 3 are pending. Most are in the high courts.
Paramount Mills was incorporated on 20 February 1998. It is registered with the Registrar of Companies, Chennai.
Ponnusamy Vijayaraja ceased to be Director on 28 Jan 2016. Thangaraj Jeyakumar ceased to be Director on 28 Jan 2016. Kamala Thiagarajan ceased to be Director on 16 Jan 2015. Paramount Mills has 6 board changes on record in total.
Paramount Mills can be reached through the website paramount-mills.com. Its registered office is in Madurai, Tamil Nadu, India.