Tamil Nadu Government Gazette No. 43, Part VI, Section 3(a), Insolvency Petitions
The Government of Tamil Nadu published Tamil Nadu Government Gazette No. 43, Part VI, Section 3(a), dated 24 October 2018, containing judicial insolvency notices issued by the Principal Subordinate Judge of Namakkal. The notices record petitions seeking insolvency declarations and, in several cases, transfer of identified properties to an Official Receiver, with the petitions posted to 26 November 2018.
What the Gazette contains
Tamil Nadu Government Gazette No. 43, Part VI, Section 3(a), dated 24 October 2018, publishes notifications under the heading Notifications by Heads of Departments, Judicial Notifications. The notices were signed by M. E. Padma, Principal Subordinate Judge of Namakkal, on 16 October 2018.
The printed identifiers in the supplied text include No. VI-3(a)/119/2018, No. VI-3(a)/125/2018 and No. VI-3(a)/124/2018. Several matters also carry D. No. 1066/2018 and their individual insolvency petition numbers.
What the insolvency petitions seek
The Principal Subordinate Court of Namakkal gives public notice that various petitioners have filed proceedings under the Provincial Insolvency Act. The requested outcomes differ between cases and include:
- Declaring a petitioner insolvent.
- Declaring one or more respondents or debtors insolvent.
- Appointing an Official Receiver.
- Vesting scheduled properties in the Official Receiver at Salem or Namakkal.
- In one petition, allowing the Receiver to auction Schedule A properties and use the proceeds towards debts listed in Schedule B.
- Taking further proceedings concerning property belonging to an alleged debtor.
The notices state that the listed petitions were posted to 26 November 2018. Publication records the filing and hearing date. It does not state that the requested insolvency declarations or property transfers had already been granted.
Who may be affected
Tamil Nadu Government Gazette No. 43 may be relevant to petitioners, respondents, creditors, financial institutions and anyone dealing with property belonging to a named party. The notices include individuals, finance businesses, banks, a cooperative housing society and other creditors, mainly connected with Namakkal.
A property buyer or professional should pay particular attention where a transaction involves a named petitioner or respondent. Several petitions expressly ask for properties described in Schedule A or Schedule B to be vested in an Official Receiver. The supplied text does not reproduce complete property descriptions for all of those schedules, so it cannot by itself identify every affected parcel.
Key limitation
The judicial notifications report allegations and requests made in insolvency petitions. The supplied Gazette text does not provide the final decisions in those proceedings or confirm whether any Official Receiver ultimately received or sold the properties.
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
Does this Gazette prove that the named people were declared insolvent?
No. Tamil Nadu Government Gazette No. 43 states that insolvency petitions were filed and posted to 26 November 2018. It does not provide final decisions declaring the parties insolvent.
Could the notices affect property owned by a respondent?
Yes. Several petitions ask the Principal Subordinate Court of Namakkal to vest properties belonging to named respondents in the Official Receiver at Salem or Namakkal.
Does the supplied Gazette text identify every affected property?
No. The notices refer to properties in Schedule A or Schedule B, but the supplied text does not contain complete property descriptions for every petition.
Which court issued the insolvency notices?
The notices were issued through the Court of the Principal Subordinate Judge of Namakkal and signed by M. E. Padma, Principal Subordinate Judge.
