Tamil Nadu Government Gazette, No. 38, Part VI, Section 3(a) (38 VI 3 a v2)
The Government of Tamil Nadu published Tamil Nadu Government Gazette No. 38, Part VI, Section 3(a), on 5 October 2011, containing High Court of Judicature at Madras notifications numbered VI-3(a)/63/2011 and VI-3(a)/64/2011. The notifications advertise winding-up petitions against Asscard Spinners Private Limited and Mount Mettur Pharmaceuticals Limited, state their hearing dates and explain how creditors, contributories and others may support or oppose the petitions.
What the Gazette contains
Tamil Nadu Government Gazette No. 38, Part VI, Section 3(a), was published by authority of the Government of Tamil Nadu on 5 October 2011. The Director of Stationery and Printing, Chennai, printed and published it on behalf of the Government of Tamil Nadu.
The relevant pages contain two advertisements of company winding-up petitions before the High Court of Judicature at Madras. They are notices of pending petitions, not statements that the companies have already been wound up.
Petition concerning Asscard Spinners Private Limited
Notification number VI-3(a)/63/2011 concerns Company Petition No. 140 of 2006 under the Companies Act, 1956.
- Sri Lakshmi Cotton Traders, represented by proprietor K.P. Rajaram, is the petitioner and creditor.
- Asscard Spinners Private Limited, with its registered office at C1/5, Rathinasamy Road, Madurai, is the respondent and debtor.
- The winding-up petition was presented on 20 February 2002.
- The petition was fixed for hearing on 17 October 2011.
Petition concerning Mount Mettur Pharmaceuticals Limited
Notification number VI-3(a)/64/2011 concerns Company Petition No. 249 of 2009 under the Companies Act, 1956.
- Siri Enterprises, represented by sole proprietor B. Dasaratha Ramaiah, is the petitioner and creditor.
- Mount Mettur Pharmaceuticals Limited, at No. 32, 9th Street, Dr. Radhakrishnan Salai, Mylapore, Chennai, is the respondent.
- The winding-up petition was presented on 6 October 2009.
- The petition was fixed for hearing on 18 October 2011.
Who could participate
Each High Court of Judicature at Madras notice allowed a creditor, contributory or other person to support or oppose the requested winding-up order. The person had to send signed notice, including a name and address, to the petitioner or the petitioner’s advocate no later than five days before the hearing and appear personally or through an advocate.
An affidavit opposing a petition had to be filed in court, with a copy served on the petitioner or advocate, not less than five days before the hearing. A creditor or contributory could request a copy of the petition on payment of prescribed charges.
Relevance to land and property
Tamil Nadu Government Gazette notifications VI-3(a)/63/2011 and VI-3(a)/64/2011 do not announce land acquisition, planning controls, title changes or property registration requirements. They directly concern the named companies and people with an interest in the winding-up proceedings.
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Common questions
Does this Gazette notification change any land or property rules in Tamil Nadu?
No land or property rule is included. The Gazette pages advertise two company winding-up petitions before the High Court of Judicature at Madras.
Were Asscard Spinners Private Limited and Mount Mettur Pharmaceuticals Limited already ordered to be wound up?
The notifications only state that winding-up petitions had been presented and fixed for hearing. They do not report that winding-up orders had been made.
Could a creditor oppose either winding-up petition?
Yes. A creditor, contributory or other person could send signed notice to the petitioner or advocate no later than five days before the hearing and appear personally or through an advocate.
Could a creditor obtain a copy of a winding-up petition?
Yes. The notices state that a copy would be furnished to a creditor or contributory on payment of the prescribed charges.