Advertisement of the Petition

What the notification covers

Notification No. VI-3(a)/6/2017 concerns a winding-up petition under the Companies Act, 1956. The Bank of Tokyo-Mitsubishi UFJ, Ltd., described as a creditor, presented the petition against Klen & Marshalls Manufacturers & Exporters Limited before the High Court of Judicature at Madras.

The petition was presented on 3 October 2016, admitted on 20 December 2016 and posted for hearing on 7 February 2017. The notification is an advertisement of the petition. It does not report the Court's final decision or state that the company was wound up.

Who could participate

Notification No. VI-3(a)/6/2017 invited any creditor, contributory or other person wishing to support or oppose an order on the petition to take the following steps:

• Send their name and address to the petitioner or its advocate.
• Ensure those details reached the petitioner or advocate not later than five days before the hearing date.
• Appear at the hearing personally or through an advocate.
• File any affidavit intended to oppose the petition in court and serve a copy on the petitioner or its advocate not less than five days before the hearing.

A creditor or contributory could obtain a copy of the petition from the petitioner's counsel on payment of the prescribed charges. The notification does not state the amount of those charges.

Relevance to property readers

Notification No. VI-3(a)/6/2017 is a company winding-up notice, not a notification changing land classification, ownership records, planning controls or registration requirements. It contains no description of any land or building owned by Klen & Marshalls Manufacturers & Exporters Limited.

A buyer, owner or professional may still find the notice relevant if their interest depends on the company, for example as a creditor, contributory or another person concerned with the winding-up petition. The source gives only the petition and hearing information available when published. It does not provide the later result of the case.