Radius & Deserve Builders LLP
About Radius & Deserve Builders LLP
Data last updated:
Radius & Deserve Builders LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. The LLP is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 09 August 2011.
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAA-5895.
The LLP has a total obligation of contribution of ₹10 Lakh. It is led by designated partners including Santosh Kumar Sarda and Sanjay Rajkumar Chhabria.
Its latest statement of accounts is for the year ended 31 March 2019. The registered office is at Mumbai, Maharashtra.
The LLP has about 35 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹1,815.8 Cr on record. Court records list 44 cases involving the LLP, including 6 filed by the LLP and 38 filed against it; 25 cases are pending.
Company details
Contact details
Radius & Deserve Builders LLP's registered office is in Mumbai, Maharashtra.
- Registered AddressOne BKC A Wing 1401 Plot No. C – 66 G Block Bandra Kurla Complex Bandra (E, Ast), Mumbai, Maharashtra, India – 400051
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Radius & Deserve Builders LLP
FY 2019 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Radius & Deserve Builders LLP, buy the company report.
Designated partners of Radius & Deserve Builders LLP
Radius & Deserve Builders has 4 current designated partners and 12 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Kumar Sarda | Partner | 23 Mar 2015 | 11 Years 7 Months | As last reported |
| Sanjay Rajkumar Chhabria | Designated Partner | 31 Mar 2015 | 11 Years 7 Months | As last reported |
| Anil Nandlal Chhabria Also directs: Neuzen Realtors LLP, Heramb Dwellings Private Limited, Wizard Infracon Private Limited and 5 more | Designated Partner | 31 Jul 2017 | 9 Years 3 Months | As last reported |
| Manish Laxman Sarda Also directs: Deserve Energy Limited, Deserve Builders & Developer (Wadhavali) Private Limited, Sarda Samaj Seva Foundation and 5 more | Partner | 15 Feb 2012 | 14 Years 8 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2019 | 100252815 | Idbi Trusteeship Services Limited | ₹300 Cr | Open | |
| 18 Feb 2019 | 100252814 | Idbi Trusteeship Services Limited | ₹192 Cr | Open | |
| 31 Jan 2019 | 100244367 | Idbi Trusteeship Services Limited | ₹125 Cr | Open | |
| 10 Aug 2018 | 100205029 | Vistra Itcl (India) Limited | ₹395 Cr | Open | |
| 31 Aug 2015 | 10590384 | Idbi Trusteeship Services Limited | ₹803.8 Cr | Open |
To see the full charge records of Radius & Deserve Builders LLP, buy the company report.
Total charge records: 5 View all charges
Legal cases
Radius & Deserve Builders LLP has 44 court cases on record: 6 filed by Radius & Deserve Builders, 38 filed against it. 25 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 18 | 16 | 16 |
| High courts | 10 | 6 | 3 |
| District courts | 6 | 6 | 2 |
| NCLT | 6 | 6 | 1 |
| Supreme Court | 4 | 4 | 3 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed against the company by Radius & Deserve Land Developers Private Limited Through Its Resolution Professional | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Radius & Deserve Land Developers Private Limited Through Its Resolution Professional | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Radius & Deserve Land Developers Private Limited Through Its Resolution Professional | Pending |
| Bombay High Court | Writ petition | Filed against the company by Capacite Infraprojects Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Yes Bank Limited | Pending |
To see the full case history of Radius & Deserve Builders LLP, 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 Radius & Deserve Builders LLP; 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 Radius & Deserve Builders LLP; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Radius & Deserve Builders LLP has 16 designated partner changes on record since 2012: 4 appointments and 12 cessations. The latest: Anil Nandlal Chhabria was appointed as Designated Partner on 31 Jul 2017.
13 earlier events are in the company report.
Frequently asked questions
Radius & Deserve Builders is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The LLP may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Radius & Deserve Builders is a company under insolvency, formerly operating as a limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 09 August 2011 and is registered under LLPIN AAA-5895. Caution is advised - the LLP may not have the legal capacity to fulfil new agreements.
Radius & Deserve Builders has 4 current designated partners:
- Santosh Kumar Sarda - Partner
- Sanjay Rajkumar Chhabria - Designated Partner
- Anil Nandlal Chhabria - Designated Partner
- Manish Laxman Sarda - Partner
The latest financial statements of Radius & Deserve Builders on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 31 March 2020. Year-wise statements from 2015 are in the company report.
The LLPIN (Limited Liability Partnership Identification Number) of Radius & Deserve Builders is AAA-5895. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Radius & Deserve Builders has open charges of ₹1,815.8 Cr and no satisfied charges on record as per latest MCA filings.
Radius & Deserve Builders has 44 court cases on record: 6 filed by the LLP and 38 filed against it. 25 are pending. Most are in the nclat.
Radius & Deserve Builders was incorporated on 09 August 2011. It is registered with the Registrar of Companies, Mumbai.
Anil Nandlal Chhabria was appointed as Designated Partner on 31 Jul 2017. Deepak Laxman Sarda ceased to be Designated Partner on 31 Jul 2017. Ritu Sanjay Chhabria ceased to be Partner on 31 Jul 2017. Radius & Deserve Builders has 16 designated partner changes on record in total.
The registered office of Radius & Deserve Builders is at One BKC A Wing 1401 Plot No. C – 66 G Block Bandra Kurla Complex Bandra E, Ast, Mumbai, Maharashtra, India – 400051.
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