Tamil Nadu Government Gazette, No. 10, Part VI, Section 3(a), March 6, 2019
The Government of Tamil Nadu published Tamil Nadu Government Gazette Number 10, Part VI, Section 3(a), dated March 6, 2019, containing judicial notifications numbered VI-3(a)/69/2019 to VI-3(a)/77/2019 from the Principal Subordinate Judge of Namakkal and the Sub Judge of Avinashi. The notifications give public notice of insolvency petitions, including requests to declare persons insolvent, place properties with an Official Receiver, set aside specified sale deeds, sell properties by public auction and apply the proceeds towards debts.
What the gazette contains
Tamil Nadu Government Gazette Number 10, Part VI, Section 3(a), dated March 6, 2019, publishes insolvency petition notices from the Court of the Principal Subordinate Judge of Namakkal and the Court of the Sub Judge of Avinashi. The Director of Stationery and Printing, Chennai, printed and published the gazette on behalf of the Government of Tamil Nadu.
The judicial notifications are numbered VI-3(a)/69/2019 to VI-3(a)/77/2019. They identify petitioners, respondents, addresses, case numbers, the relief requested and the dates on which petitions were posted before the courts.
Property-related requests
Several petitions may affect property owned or transferred by the named parties:
- Notification VI-3(a)/70/2019 seeks to declare the first respondent insolvent and vest the property described in Schedule A with the Official Receiver, Namakkal.
- Notification VI-3(a)/71/2019 seeks to declare the first and second respondents insolvent, set aside the sale deed dated October 5, 2018, document number 3364/2018, registered in the Joint II Sub-Registrar Office, Namakkal, and vest their property with the Official Receiver, Namakkal.
- Notification VI-3(a)/74/2019 seeks to place the disclosed and undisclosed properties of the first and second respondents, including scheduled property, with the Official Receiver, Namakkal District. It also requests a public auction and deposit of the proceeds in court towards the debt and subsequent interest.
- Notification VI-3(a)/69/2019 concerns requests involving sale document numbers 2423/2014 and 2532/2014 and delivery of the petition property to the Official Receiver.
Who may be affected
The notifications directly concern the named petitioners and respondents. A buyer, owner, lender or professional may also be affected if a proposed transaction involves property identified in one of these insolvency petitions, because the requested relief includes vesting property with an Official Receiver, cancelling transfers or selling property by public auction.
Hearing information
The published posting dates include March 8, March 15, March 25, March 27 and March 28, 2019. The gazette records notices of applications and requested relief. It does not state that the courts had already granted those requests.
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Common questions
Does the gazette declare the named respondents insolvent?
No. The notifications state that insolvency petitions were filed and give their posting dates. They do not state that the courts had already declared the named persons insolvent.
Can any sale deed be affected by these petitions?
Yes. Notification VI-3(a)/71/2019 asks the court to set aside the sale deed dated October 5, 2018, document number 3364/2018. Notification VI-3(a)/69/2019 also concerns sale document numbers 2423/2014 and 2532/2014.
Could property be transferred to an Official Receiver?
Yes. Several petitions request that identified, scheduled, disclosed or undisclosed properties be vested with the Official Receiver, Namakkal.
Does the gazette provide for a public auction?
Notification VI-3(a)/74/2019 requests a public auction of properties belonging to the first and second respondents, with the sale proceeds deposited in court towards the debt and subsequent interest.
