Tamil Nadu Government Gazette No. 20, Part VI, Section 3(a), 22 May 2013
The Government of Tamil Nadu, through the Director of Stationery and Printing, published Tamil Nadu Government Gazette No. 20, Part VI, Section 3(a), on 22 May 2013, containing company proceedings notified by the High Court of Judicature at Madras through its Deputy Registrar. It announces winding up petitions involving Paramount Airways Private Limited and Automotive Coaches and Components Limited, and shareholder meetings concerning the proposed amalgamation of Sree Gnanakshi Chemicals Private Limited with Vindhya Spinning Mills Private Limited. It does not announce any change to land ownership, land use or property records.
What the gazette contains
Tamil Nadu Government Gazette No. 20, Part VI, Section 3(a), dated 22 May 2013, publishes notices connected with proceedings before the High Court of Judicature at Madras. The notices concern company winding up petitions and a proposed company amalgamation. They do not introduce a land law, planning rule or property registration requirement.
Winding up petitions
The High Court of Judicature at Madras notified the following proceedings:
- IDBI Bank Limited filed a petition seeking the winding up of Paramount Airways Private Limited. The petition was scheduled for hearing on 10 June 2013.
- GMR Hyderabad International Airport Limited, acting as a creditor, also filed a petition seeking the winding up of Paramount Airways Private Limited. That petition was scheduled for hearing on 10 June 2013.
- Unicast Alloys Private Limited filed Company Petition No. 8 of 2013 seeking the winding up of Automotive Coaches and Components Limited. The petition was scheduled for hearing on 6 June 2013.
- A creditor, contributory or other person wishing to support or oppose a winding up petition was required to notify the petitioner or the petitioner’s advocate no later than five days before the hearing.
- An affidavit intended to oppose a petition had to be filed in court, with a copy served on the petitioner or advocate, no later than five days before the hearing.
- Creditors and contributories could obtain a copy of the relevant petition on payment of the prescribed charges.
Proposed amalgamation
The High Court of Judicature at Madras directed separate meetings of the equity shareholders of Sree Gnanakshi Chemicals Private Limited and Vindhya Spinning Mills Private Limited to consider the proposed amalgamation of Sree Gnanakshi Chemicals Private Limited with Vindhya Spinning Mills Private Limited.
- Both meetings were fixed for 14 June 2013 at No. 4, Chairman Shanmuga Nadar Road, Sivakasi.
- The Vindhya Spinning Mills Private Limited meeting was fixed for 11.00 AM, and the Sree Gnanakshi Chemicals Private Limited meeting for 1.30 PM.
- Shareholders could vote personally or by proxy. Proxy forms had to be deposited at the registered office at least 48 hours before the meeting.
- The quorum for each meeting was five members present personally or by proxy.
- Any approved scheme remained subject to later approval by the High Court of Judicature at Madras.
Relevance to property owners
Tamil Nadu Government Gazette No. 20 concerns specified companies, their creditors, contributories and shareholders. It does not state that any land title, patta, planning classification or property right is changed.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does this gazette change any land ownership or land use classification?
No land ownership or land use change is stated. The gazette contains court notices about company winding up petitions and a proposed amalgamation.
Who needed to act on the winding up notices?
A creditor, contributory or other person wishing to support or oppose a petition had to notify the petitioner or advocate no later than five days before the hearing and appear personally or through an advocate.
Which companies were involved in the proposed amalgamation?
The proposed scheme involved the amalgamation of Sree Gnanakshi Chemicals Private Limited with Vindhya Spinning Mills Private Limited.
Did shareholder approval make the amalgamation final?
No. The notices state that even if shareholders approved the scheme, it remained subject to subsequent approval by the High Court of Judicature at Madras.
