Insolvency petitions (37 VI 3a v3)
The Principal Subordinate Judge of Namakkal issued two insolvency petition notices dated 4 September 2020, published by the Government of Tamil Nadu in the Tamil Nadu Government Gazette, No. 37, Part VI, Section 3(a), on 9 September 2020. The notices concern applications to declare the first respondent insolvent and place his properties described in the petitions with the Official Receiver, with hearings listed for 22 September 2020 and 28 September 2020.
Purpose and legal effect
The Principal Subordinate Court of Namakkal published notices of two petitions made under Section 9 of the Insolvency Act, 1920. Each petition asks the court to:
- Declare the first respondent, Sekar, son of Perumal, an insolvent.
- Order the properties belonging to Sekar and described in the relevant petition to be handed over to the Official Receiver.
The notices record that the petitions have been filed and give hearing dates. They do not record that Sekar has already been declared insolvent or that a final property transfer order has been made.
Parties and hearing dates
The first insolvency petition was filed by Kumarasamy, son of Sengottuvel, described as the petitioner and creditor. Sekar, son of Perumal, is the first respondent, and Ammaiyappan, son of Palanisamy, is the second respondent. The petition was listed for hearing on 22 September 2020.
The second insolvency petition was filed by Nallaiyan, son of Perumal Gounder, also described as the petitioner and creditor. It names the same two respondents, Sekar and Ammaiyappan. That petition was listed for hearing on 28 September 2020.
Both notices relate to people whose stated addresses are in Namakkal Taluk and Namakkal District. R. Gokulakrishnan, Principal Subordinate Judge, issued the notices at Namakkal on 4 September 2020.
Relevance to property transactions
The insolvency petitions may matter to anyone proposing to buy, accept security over, or otherwise deal with property belonging to Sekar, the first respondent. The applications specifically seek control of his properties through the Official Receiver if the court grants the requested relief.
The Gazette notices do not include a separate property schedule, survey numbers, boundaries or other information identifying the affected properties. A person checking a particular property would therefore need the relevant petition and later court records to determine whether that property was included and what decision the court made.
The notices do not change land classification, planning permission or general property rules. They concern the identified insolvency proceedings and the assets described in those court petitions.
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
Do these notices mean Sekar was already declared insolvent?
No. The notices state that petitions were filed asking the court to declare Sekar insolvent and list hearing dates. They do not report a final decision.
Which properties are covered by the insolvency petitions?
The notices refer to properties belonging to Sekar that are described in the petitions. The Gazette text does not provide a separate property schedule, survey numbers or boundaries.
When were the petitions listed for hearing?
Kumarasamy's petition was listed for 22 September 2020. Nallaiyan's petition was listed for 28 September 2020.
Could these notices affect a property purchase in Namakkal?
They may be relevant if the property belongs to Sekar and is included in either petition. The petition and later court records are needed to identify the affected property and the outcome.
