Torque Cars Private Limited
About Torque Cars Private Limited
Data last updated:
Torque Cars Private Limited is a private limited company based in Amritsar, Punjab, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 14 September 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U50100PB2011PTC035470. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1.81 Lakh. It is led by directors Harjit Singh Chadha (Whole-Time Director) and Diljot Singh Chadha (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2013, and its latest financial statements are for the year ended 31 March 2013. The registered office is at Chadha Group Near Veer Bhan Shivala Inside Ghee Mandi, Amritsar, Punjab, India – 143001.
As per MCA filings, the company has open charges of ₹9 Cr on record. Court records list 13 cases involving the company, including 6 filed by the company and 7 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Torque Cars Private Limited's registered office is in Amritsar, Punjab.
- Registered AddressChadha Group Near Veer Bhan Shivala Inside Ghee Mandi, Amritsar, Punjab, India – 143001
- 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 Torque Cars Private Limited
FY 2013 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Torque Cars Private Limited, buy the company report.
Board of directors of Torque Cars Private Limited
Torque Cars has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harjit Singh Chadha Also directs: Isd Management Solutions LLP, Thrust Motors Private Limited, Wavess Cars Private Limited and 1 more | Whole-Time Director | 14 Sep 2011 | 15 Years 1 Months | Current |
| Diljot Singh Chadha Also directs: Will-O-The-Wisp Cafe LLP, Isd Infrastructure LLP, Das Automotive Services LLP and 3 more | Whole-Time Director | 14 Sep 2011 | 15 Years 1 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2012 | 10379163 | Punjab & Sind Bank | ₹3 Cr | Open | |
| 13 Jan 2012 | 10333370 | Punjab & Sind Bank | ₹6 Cr | Open |
To see the full charge records of Torque Cars Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Torque Cars Private Limited has 13 court cases on record: 6 filed by Torque Cars, 7 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 4 | 0 |
| High courts | 5 | 3 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARBP) | Filed against the company by Volkswagen Group Sales India Private Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Volkswagen Group Sales India Private Limited | Disposed |
| Bombay High Court | Court case (CARAP) | Filed against the company by Volkswagen Group Sales India Private Limited | Disposed |
| District court, Amritsar, Punjab | Appeal | Filed against the company by Volkswagen Group Sales India Pvt. Ltd. | Disposed |
| District court, Amritsar, Punjab | Civil suit | Filed by the company against Punjab and Sind Bank | Disposed |
To see the full case history of Torque Cars 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 Torque Cars Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Torque Cars 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 Torque Cars Private Limited, buy the company report.
Recent activity
Torque Cars Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Simran Kaur Chadha ceased to be Whole-Time Director on 26 Nov 2016.
Frequently asked questions
Torque Cars is an active private limited company based in Amritsar, Punjab, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 14 September 2011 (15+ years old) and is registered under CIN U50100PB2011PTC035470.
Torque Cars has 2 current directors:
- Harjit Singh Chadha - Whole-Time Director
- Diljot Singh Chadha - Whole-Time Director
The latest financial statements of Torque Cars on record with the MCA are for the year ended 31 March 2013. Its last annual general meeting was held on 30 September 2013. Year-wise statements from 2015 are in the company report.
No. Torque Cars has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Torque Cars is U50100PB2011PTC035470. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Torque Cars has 13 court cases on record: 6 filed by the company and 7 filed against it. 1 is pending. Most are in the district courts.
Torque Cars was incorporated on 14 September 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chandigarh.
Simran Kaur Chadha ceased to be Whole-Time Director on 26 Nov 2016. Diljot Singh Chadha was appointed as Whole-Time Director on 14 Sep 2011. Harjit Singh Chadha was appointed as Whole-Time Director on 14 Sep 2011.
The registered office of Torque Cars is at Chadha Group Near Veer Bhan Shivala Inside Ghee Mandi, Amritsar, Punjab, India – 143001.
Torque Cars operates in the automotive industry, in the auto dealership and trading segment.
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