Advertisement of Petition, Company Petition No. 151 of 2013
The High Court of Judicature at Madras issued judicial notification No. VI-3(a)/136/2013, dated September 19, 2013, advertising a petition by Thiagarajar Mills Private Limited to wind up VTX Industries Limited. Published in the Tamil Nadu Government Gazette on October 2, 2013, the notification invited creditors, contributories and other interested persons to support or oppose the petition before its scheduled hearing.
What the notification covers
Judicial notification No. VI-3(a)/136/2013 concerns Company Petition No. 151 of 2013 before the High Court of Judicature at Madras under the Companies Act, 1956. Thiagarajar Mills Private Limited, described as a creditor, presented the petition seeking the winding up of VTX Industries Limited.
The petition was presented to the High Court on April 30, 2013. The notification stated that it was scheduled to be heard on October 11, 2013. The advertisement was dated at Chennai on September 19, 2013 and published in the Tamil Nadu Government Gazette on October 2, 2013.
Companies and people affected
The judicial notification directly concerned:
- Thiagarajar Mills Private Limited, the petitioner, with its registered office at Kappalur, Madurai.
- VTX Industries Limited, the respondent, with its registered office at Palladam Road, Puliampatti, via Pollachi.
- Creditors and contributories of VTX Industries Limited.
- Any other person wishing to support or oppose a winding-up order.
The notification does not create, transfer or cancel any right in land. It contains no provision changing land use, ownership records, planning controls or registration requirements. A property buyer would be affected only if the proposed transaction involved one of the named companies or an interest connected with the winding-up petition.
Participation requirements stated in the notification
A creditor, contributory or other interested person wishing to support or oppose the petition was required to:
- Send signed notice of that intention to the petitioner or its advocates.
- Include the person's name and address.
- Ensure that the notice reached the petitioner or advocates not later than five days before the hearing date.
- Appear at the hearing personally or through an advocate.
Any affidavit intended to oppose the petition had to be filed in court, with a copy served on the petitioner or its advocate, not less than five days before the hearing date.
Copy of the petition
The advertisement stated that a creditor or contributory could obtain a copy of the petition from the undersigned after paying the prescribed charges. The notification does not state the amount of those charges or report the outcome of the winding-up petition.
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Common questions
Does this Gazette notification change any land ownership or land use rights?
No land ownership, land use, planning or registration change is stated. The notification advertises a company winding-up petition.
Which company was the subject of the winding-up petition?
VTX Industries Limited was the respondent company. Thiagarajar Mills Private Limited presented the petition as a creditor.
Could a creditor oppose or support the winding-up petition?
Yes. A creditor, contributory or other interested person could give signed notice to the petitioner or its advocates and appear personally or through an advocate, subject to the deadlines stated in the notification.
Does the notification say whether VTX Industries Limited was wound up?
No. It only advertises the petition and its scheduled hearing on October 11, 2013. It does not report the court's decision.
