Insolvency Petition (23 VI 3a)
The Court of the Subordinate Judge, Sankari, through Subordinate Judge E. Rajendra Kannan, issued an insolvency petition notice dated 2 June 2017, which was published in the Tamil Nadu Government Gazette on 7 June 2017. The notice states that Venkatesan of Alaganoor, Salem District, filed a petition to be adjudged insolvent and that the petition was posted for appearance before the court on 21 June 2017.
What the notification covers
The judicial notification was issued by the Court of the Subordinate Judge, Sankari, and signed by Subordinate Judge E. Rajendra Kannan on 2 June 2017. It was printed and published by the Director of Stationery and Printing, Chennai, on behalf of the Government of Tamil Nadu, in the Tamil Nadu Government Gazette dated 7 June 2017.
The notification gives public notice of an insolvency petition filed by Venkatesan, aged 32, son of the late Thangaraj, residing at Door Number 7-125, Ward Number 7, Alaganoor, near Government School, Magudanchavadi Post, Sankari Taluk, Salem District.
Parties named
The insolvency petition identifies:
- Venkatesan as the petitioner and debtor.
- The Branch Manager, TATA Motors Finance Limited, Divya Trade Center, Second Floor, Brindhavan Road, Fairlands, Salem District, as the first respondent and creditor.
- The Manager, V.S.T. Motors, Magudanchavadi, Sankari Taluk, Salem District, as the second respondent and creditor.
What the court notice does
The Court of the Subordinate Judge, Sankari, states that notice is given under Sections 10 and 11 of the Provincial Insolvency Act. Its key points are:
- Venkatesan filed an insolvency petition seeking to be adjudged insolvent.
- The petition was posted before the court for appearance on 21 June 2017.
- The notification records only the filing and scheduled appearance. It does not state that Venkatesan was adjudged insolvent or give the final result of the petition.
Relevance to property dealings
The judicial notification does not create a land rule, change land use or describe any particular property transaction. It may nevertheless be relevant to a buyer, owner, lender or professional dealing with Venkatesan, because it records that he sought an insolvency adjudication and identifies two creditors. The text does not provide any later order, case outcome or information about specific land owned by the petitioner.
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 the Gazette notice say that Venkatesan was declared insolvent?
No. It says that Venkatesan filed a petition seeking to be adjudged insolvent and that the petition was posted for appearance on 21 June 2017.
Which court handled the insolvency petition?
The petition was before the Court of the Subordinate Judge, Sankari. The notification was signed by Subordinate Judge E. Rajendra Kannan.
Who are the creditors named in the notification?
The named creditors are the Branch Manager of TATA Motors Finance Limited at Fairlands, Salem District, and the Manager of V.S.T. Motors at Magudanchavadi, Sankari Taluk.
Does the notification identify any land affected by the insolvency petition?
No. It gives the petitioner's residential address but does not identify any land, property transaction or land-use change.
