Advertisement of Petition, C.P. No. 278 of 2012
The High Court of Judicature at Madras, Company Jurisdiction, issued this Advertisement of Petition under Roc. No. 4617/2014 (OS.), dated 20th October 2014, and it was published in the Tamil Nadu Government Gazette on 29 October 2014. It gives public notice of a petition to wind up M/s. ICON House Hold Products Private Limited and explains how creditors, contributories and other interested persons could support or oppose the petition.
What the notification covers
The Advertisement of Petition was issued by the High Court of Judicature at Madras, Company Jurisdiction, under Roc. No. 4617/2014 (OS.), in C.P. No. 278 of 2012. It concerns a winding-up petition under Sections 433 and 434 of the Companies Act, 1956.
The company named in the proceeding is M/s. ICON House Hold Products Private Limited. The notification lists its registered office at Plot No. A-103, PIPDIC Industrial Estate, Mettupalayam, Pondicherry-605 009, and its corporate office at No. 27, FG1, Galilie Square, Lakshimi Street, New Avadi Road, Alagappa Nagar, Kilpauk, Chennai-600 010.
Key dates and parties
The High Court notification records the following:
- The winding-up petition was presented to the High Court at Madras on 17 November 2011.
- The petition was listed for hearing on 5 November 2014.
- M/s. ICON House Hold Products Private Limited is identified as the petitioning creditor, represented by its Managing Director, M.D. Sivasankaran.
- Advocate S. Sethuraman is named as the advocate for the petitioner.
- The notification was signed by K. Varathalakshmi, Deputy Registrar, Original Side, at the High Court, Madras, on 20th October 2014.
Who could participate
The Advertisement of Petition applies to any creditor, contributory or other person who wished to support or oppose the making of a winding-up order. Its procedural requirements included:
- Notice of an intention to support or oppose had to be signed by the person or advocate and include the person's name and address.
- That notice had to reach the petitioner or the petitioner's advocate not later than five days before the hearing date.
- An affidavit intended to oppose the 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 obtain a copy of the petition from the named advocate by paying the prescribed charges.
Relevance to property readers
The Advertisement of Petition concerns company winding-up proceedings. It does not describe a sale, transfer, acquisition, reclassification or change in title involving land. A person dealing with the named company could, however, note that a winding-up petition had been filed and listed for hearing. The notification does not state the final outcome of that petition.
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Common questions
Does this Gazette notice mean M/s. ICON House Hold Products Private Limited was wound up?
The notification only states that a winding-up petition had been presented and was listed for hearing on 5 November 2014. It does not state the final outcome.
Does the notification change ownership or classification of any land?
No land sale, transfer, acquisition, title change or reclassification is described. The notification is an advertisement of a company winding-up petition.
Who could support or oppose the winding-up petition?
Any creditor, contributory or other interested person could give notice of an intention to support or oppose the petition, subject to the stated filing and service requirements.
Could a creditor obtain a copy of the petition?
Yes. The notification says a copy would be supplied by the named advocate to any creditor or contributory on payment of the prescribed charges.
