Tamil Nadu Government Gazette, Part VI, Section 3(a), No. 13
The Government of Tamil Nadu published Gazette No. 13, Part VI, Section 3(a), dated 8 April 2009, containing insolvency case notices from the Court of the Subordinate Judge, Namakkal, a dividend declaration from the Official Assignee of the High Court, Madras, and a Chennai Port Trust auction notice. It does not change land ownership or land use, but it may affect named parties, creditors and persons claiming the listed goods.
What the gazette covers
The Government of Tamil Nadu published Gazette No. 13, Part VI, Section 3(a), dated 8 April 2009, as a collection of notifications from cost recoverable institutions of the State and Central Governments. The publication contains court notices concerning insolvency, a declaration of dividend for creditors and a proposed auction of unclaimed or uncleared goods at Chennai Port Trust premises.
Insolvency petitions
The Court of the Subordinate Judge, Namakkal, published notices that petitions had been filed seeking insolvency adjudications. The notices identify the petitioners, respondents, their addresses and the scheduled dates.
The listed proceedings are:
- Insolvency Petition No. 2 of 2005, posted to 8 June 2009.
- Insolvency Petition No. 6 of 2005, posted to 8 June 2009.
- Insolvency Petition No. 11 of 2005, posted to 8 June 2009.
- Insolvency Petition No. 34 of 2005, posted to 6 August 2009.
- Insolvency Petition No. 53 of 2007, posted to 8 June 2009.
- A further notice involving G. Devaraju and Kandasamy, posted to 8 June 2009.
These notices directly concern the named petitioners, respondents and creditors.
Dividend for creditors
The Official Assignee of the High Court, Madras, declared that a pro rata dividend would be distributed in insolvency proceedings involving S. Veera Kumar, P. Suresh Naidu and S. Kanthimani Rekha, and Maheswari and Vidyawathi.
- Creditors who had not proved their claims were required to file a claim within one month from publication.
- Creditors who failed to do so would be excluded from the dividend.
Chennai Port Trust goods
The Chennai Port Trust gave notice that listed packages remaining uncleared at its premises would be sold by public auction, electronic auction, or both, at 10.30 a.m. on a Thursday in the last week of April 2009, unless cleared within 10 days of the notice.
The supplied list includes steel plates, machinery, equipment for industrial systems, bricks and related cargo. Unsold packages could be included in later auctions.
Relevance to property owners and buyers
Gazette No. 13 does not announce any land acquisition, land classification, planning change or transfer of property title. A property buyer would be affected only if connected to a named insolvency proceeding, creditor claim or listed Chennai Port Trust cargo.
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Common questions
Does this gazette change the ownership or permitted use of any land?
No land ownership or land use change is stated. The publication concerns insolvency proceedings, creditor dividends and uncleared goods at Chennai Port Trust premises.
Who needed to act on the insolvency dividend declaration?
Creditors who had not already proved their claims needed to file a claim within one month from the date of publication. Otherwise, they would be excluded from the dividend.
Could an owner stop listed goods from being auctioned by Chennai Port Trust?
The notice states that the goods would be auctioned if they were not cleared within 10 days of the notice.
What happened if goods were not sold at the Chennai Port Trust auction?
Packages not sold in the auction for which they were listed could be included in succeeding auctions.
