Advertisement of Petition, C.P. No. 255 of 2014
The High Court of Judicature at Madras published Notification No. VI-3(a)/82/2014 in the Tamil Nadu Government Gazette on 27 August 2014, advertising a petition by ICICI Bank Limited to wind up First Leasing Company of India Limited. The notification invited creditors, contributories and other interested persons to support or oppose the petition before its hearing on 15 September 2014.
What the notification does
The High Court of Judicature at Madras issued Notification No. VI-3(a)/82/2014 as an advertisement of a winding-up petition in C.P. No. 255 of 2014. It was published in Part VI, Section 3(a) of the Tamil Nadu Government Gazette on 27 August 2014.
The petition concerned First Leasing Company of India Limited and was presented by ICICI Bank Limited as petitioner and creditor. The notification states that the petition was presented to the High Court on 2 July 2014 and was scheduled for hearing on 15 September 2014.
The notification advertises the petition and the opportunity to participate. It does not state that the company was wound up or record the final result of the case.
Who could be affected
Notification No. VI-3(a)/82/2014 was relevant to:
- Creditors of First Leasing Company of India Limited.
- Contributories of First Leasing Company of India Limited.
- Other persons wishing to support or oppose a winding-up order.
- People with dealings involving the company who needed to monitor the winding-up proceedings.
The source does not create or change any land classification, planning permission, ownership record or property registration requirement. Its possible relevance to a property buyer or owner is limited to situations involving First Leasing Company of India Limited or an interest affected by the company’s winding-up proceedings.
Participation requirements stated in the notification
Notification No. VI-3(a)/82/2014 set out the following steps for interested persons:
- A person wishing to support or oppose the petition had to send signed notice of that intention to the petitioner or its advocate.
- The notice had to include the person’s name and address and reach the petitioner or advocate no later than five days before the hearing date.
- The interested person could appear at the hearing personally or through an advocate.
- A creditor or contributory could obtain a copy of the petition from the petitioner’s counsel on payment of the prescribed charges.
- An affidavit intended to oppose the petition had to be filed in court, with a copy served on the petitioner or its advocate, at least five days before the hearing.
The advertisement was dated at Chennai on 31 July 2014. The Deputy Registrar, Original Side, High Court of Judicature at Madras, recorded it on 22 August 2014.
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 notification change any land ownership or planning rules in Tamil Nadu?
No land ownership, land classification, planning or registration change is stated. The notification only advertises a winding-up petition involving First Leasing Company of India Limited.
Was First Leasing Company of India Limited wound up by this notification?
The notification does not record a winding-up order or the outcome of the case. It says that a petition seeking winding up was scheduled for hearing on 15 September 2014.
Who was allowed to support or oppose the winding-up petition?
Any creditor, contributory or other person wishing to support or oppose the petition could give notice and appear at the hearing personally or through an advocate.
Who filed the petition against First Leasing Company of India Limited?
ICICI Bank Limited filed the petition as petitioner and creditor. First Leasing Company of India Limited was named as the respondent.
