Tornado Motors Private Limited
About Tornado Motors Private Limited
Data last updated:
Tornado Motors Private Limited is a private limited company based in Mumbai, Maharashtra, 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 automobile dealership and trading segment of the automotive sector. It was incorporated on 16 June 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U50102MH2010PTC204321. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.8 Cr. It is led by directors Jitenderpal Singh Chadha and Charan Singh Surjit Singh Gujral.
Its last annual general meeting (AGM) was held on 30 September 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office is at Shopn No. 04 And 05 Vikas Centre S V Road Santacruz (West), Mumbai, Maharashtra, India – 400054.
As per MCA filings, the company has open charges of ₹46.87 Cr and satisfied charges of ₹53.5 Cr on record. Court records list 138 cases involving the company, including 22 filed by the company and 116 filed against it; 39 cases are pending.
Company details
Contact details
Tornado Motors Private Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressShopn No. 04 And 05 Vikas Centre S V Road Santacruz (West), Mumbai, Maharashtra, India – 400054
- IndustryAutomotive, Auto Dealership & Trading
- 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 Tornado Motors Private Limited
FY 2014 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Tornado Motors Private Limited, buy the company report.
Board of directors of Tornado Motors Private Limited
Tornado Motors has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitenderpal Singh Chadha | Director | 16 Jun 2010 | 16 Years 4 Months | As last reported |
| Charan Singh Surjit Singh Gujral Also directs: Trivon Trade Private Limited | Director | 24 Feb 2017 | 9 Years 8 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2013 | 10460081 | Tata Capital Financial Services Limited | ₹1.91 Cr | Open | |
| 05 Jul 2013 | 10435450 | Punjab & Sind Bank | ₹91.77 Lakh | Open | |
| 05 Jul 2013 | 10435449 | Punjab & Sind Bank | ₹70.51 Lakh | Open | |
| 05 Jul 2013 | 10435448 | Punjab & Sind Bank | ₹23 Cr | Open | |
| 05 Jul 2013 | 10435445 | Punjab & Sind Bank | ₹17 Cr | Open |
To see the full charge records of Tornado Motors Private Limited, buy the company report.
Total charge records: 21 View all charges
Legal cases
Tornado Motors Private Limited has 138 court cases on record: 22 filed by Tornado Motors, 116 filed against it. 39 cases are pending and 99 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 124 | 104 | 37 |
| High courts | 14 | 12 | 2 |
Cases on record (5 of 138)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed against the company by Tata Capital Limited Through Its Authorised Representative Ameet Deosthale | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against Akzo Nobel India Ltd. and State --- Respondents | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed by the company against M/S. Akzo Nobel India Ltd. and State --- Respondents | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI BAIL APPLN) | Filed by the company against M/S. Akzo Nobel India Ltd. and State --- Respondents | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Volkswagen Group Sales India Pvt. Ltd and 2 others | Disposed |
To see the full case history of Tornado Motors 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.
Credit ratings & regulatory alerts
Tornado Motors Private Limited was last rated by Crisil on 18 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Nov 2019 |
To see the full credit ratings and regulatory alerts of Tornado Motors Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tornado Motors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tornado Motors has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Tornado Motors Private Limited, buy the company report.
Recent activity
Tornado Motors Private Limited has 7 board changes on record since 2010: 2 appointments and 5 cessations. The latest: Charan Singh Surjit Singh Gujral was appointed as Director on 24 Feb 2017.
35 earlier events are in the company report.
Frequently asked questions
Tornado Motors 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.
Tornado Motors is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 16 June 2010 and is registered under CIN U50102MH2010PTC204321. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Tornado Motors has 2 current directors:
- Jitenderpal Singh Chadha - Director
- Charan Singh Surjit Singh Gujral - Director
The latest financial statements of Tornado Motors on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 30 September 2014. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Tornado Motors is U50102MH2010PTC204321. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tornado Motors has open charges of ₹46.87 Cr and satisfied charges of ₹53.5 Cr as per latest MCA filings.
Tornado Motors has 138 court cases on record: 22 filed by the company and 116 filed against it. 39 are pending. Most are in the district courts.
Tornado Motors was incorporated on 16 June 2010. It is registered with the Registrar of Companies, Mumbai.
Charan Singh Surjit Singh Gujral was appointed as Director on 24 Feb 2017. Dinesh Mahabaleshwar Keluskar ceased to be Director on 24 Feb 2017. Charan Singh Surjit Singh Gujral ceased to be Additional Director on 05 Aug 2015. Tornado Motors has 7 board changes on record in total.
The registered office of Tornado Motors is at Shopn No. 04 And 05 Vikas Centre S V Road Santacruz West, Mumbai, Maharashtra, India – 400054.
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