Syal Leasing Limited
About Syal Leasing Limited
Data last updated:
Syal Leasing Limited is a public limited company based in Jalandhar, Punjab, 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 financial and leasing services segment of the financial services sector. It was incorporated on 03 July 1989.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65910PB1989PLC009488.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.36 Cr. It is led by directors including Sumit Syal and Karan Syal.
Its last annual general meeting (AGM) was held on 30 September 2006, and its latest financial statements are for the year ended 31 March 2006. The registered office is at Scf – 37 Urban Estate Phase – 1 Jalandhar City, Punjab, India – 144001.
As per MCA filings, the company has open charges of ₹14.69 Cr and satisfied charges of ₹50 Lakh on record. Court records list 26 cases involving the company, including 11 filed by the company and 15 filed against it; 2 cases are pending.
Company details
CIN history
Syal Leasing has one previous CIN (Corporate Identification Number): L65910PB1989PLC009488. The current CIN is U65910PB1989PLC009488, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910PB1989PLC009488 | Current |
| L65910PB1989PLC009488 | Previous |
Contact details
Syal Leasing Limited's registered office is in Jalandhar, Punjab.
- Registered AddressScf – 37 Urban Estate Phase – 1 Jalandhar City, Punjab, India – 144001
- IndustryFinancial Services, Financial & Leasing, Other Financial Intermediation
- 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 Syal Leasing Limited
FY 2006 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Syal Leasing Limited, buy the company report.
Board of directors of Syal Leasing Limited
Syal Leasing has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumit Syal | Director | 30 Sep 1999 | 27 Years 1 Months | As last reported |
| Karan Syal | Director | 30 Oct 2002 | 24 Years 0 Months | As last reported |
| Varun Syal | Director | 30 Aug 1997 | 29 Years 2 Months | As last reported |
| Shashi Syal | Director | 03 Jul 1989 | 37 Years 3 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2007 | 10039305 | Icici Bank Limited | ₹1.5 Cr | Open | |
| 20 Nov 2004 | 90180881 | Jatinder Kumar | ₹55.45 Lakh | Open | |
| 28 Jul 2004 | 90180821 | Jatinder Kumar | ₹10.16 Lakh | Open | |
| 20 Mar 2004 | 90180769 | Jatinder Kumar | ₹61.42 Lakh | Open | |
| 02 Aug 2003 | 90180686 | Jatinder Kumar | ₹23.48 Lakh | Open |
To see the full charge records of Syal Leasing Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Syal Leasing Limited has 26 court cases on record: 11 filed by Syal Leasing, 15 filed against it. 2 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 6 | 1 |
| District courts | 10 | 9 | 1 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Commercial suit | Filed against the company by an individual | Pending |
| High Court, CHANDIGARH (UT) | Civil miscellaneous application | Filed by the company against State of PB. & Anr. | Pending |
| District court, Jalandhar, Punjab | Appeal | Filed against the company | Disposed |
| District court, Jalandhar, Punjab | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Jalandhar, Punjab | Court case (CRR) | Filed against the company | Disposed |
To see the full case history of Syal Leasing 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 Syal Leasing 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 Syal Leasing Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Syal Leasing Limited has 11 board changes on record since 1989: 4 appointments and 7 cessations. The latest: Jatinder Kumar ceased to be Director on 02 Jul 2007.
29 earlier events are in the company report.
Frequently asked questions
Syal Leasing 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.
Syal Leasing is a company under liquidation, formerly operating as a public limited company based in Jalandhar, Punjab, India. The company works in financial and leasing, within the financial services industry. It was incorporated on 03 July 1989 and is registered under CIN U65910PB1989PLC009488. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Syal Leasing has 4 current directors:
- Sumit Syal - Director
- Karan Syal - Director
- Varun Syal - Director
- Shashi Syal - Director
The latest financial statements of Syal Leasing on record with the MCA are for the year ended 31 March 2006. Its last annual general meeting was held on 30 September 2006. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Syal Leasing is U65910PB1989PLC009488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Syal Leasing has open charges of ₹14.69 Cr and satisfied charges of ₹50 Lakh as per latest MCA filings.
Syal Leasing has 26 court cases on record: 11 filed by the company and 15 filed against it. 2 are pending. Most are in the high courts.
Syal Leasing was incorporated on 03 July 1989. It is registered with the Registrar of Companies, Chandigarh.
Jatinder Kumar ceased to be Director on 02 Jul 2007. Meenu Khanna ceased to be Director on 02 Jul 2007. Prem Parkash ceased to be Director on 02 Jul 2007. Syal Leasing has 11 board changes on record in total.
The registered office of Syal Leasing is at Scf – 37 Urban Estate Phase – 1 Jalandhar City, Punjab, India – 144001.
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