Judicial Notifications, Insolvency Petitions (44 VI 3a v3)
The Tamil Nadu Government Gazette, Part VI, Section 3(a), No. 44, Chennai, Wednesday, October 30, 2019, published judicial notifications from the courts of the Principal Subordinate Judge, Tiruppur, and the Principal Subordinate Judge, Salem, about insolvency petitions under the Provincial Insolvency Act. These notices publicly name the petitioners and respondents, state whether a person is sought to be declared insolvent, mention vesting of property with the Official Receiver in some cases, and give the next hearing dates.
What this gazette notice is
The Tamil Nadu Government Gazette, Part VI, Section 3(a), No. 44, Chennai, Wednesday, October 30, 2019, carries judicial notifications titled Insolvency Petitions. The notifications were issued through the court of the Principal Subordinate Judge, Tiruppur, and the court of the Principal Subordinate Judge of Salem.
What it does
These notifications give public notice that insolvency petitions have been filed under the Provincial Insolvency Act. In the Tiruppur matters, the notices say the petitions seek either:
- to adjudge a respondent as insolvent, or
- to adjudge the petitioner as insolvent,
- and in several cases, to vest the properties of that person with the Official Receiver.
The notices also state the date to which each petition stands posted.
Who may be affected
These notifications matter to:
- the named petitioners, debtors, creditors and respondents,
- banks, chit fund companies and finance companies named in the cases,
- anyone dealing with property or money claims involving the named persons,
- buyers or lenders checking whether a person is involved in insolvency proceedings.
If a person named here owns or claims property, the notice may be relevant because some petitions expressly ask for that person's properties to vest with the Official Receiver.
Key cases listed
The Gazette includes multiple Tiruppur insolvency matters, including notifications numbered No.VI-3(a)/186/2019 to No.VI-3(a)/193/2019, and Salem matters including No.VI-3(a)/195/2019 and No.VI-3(a)/196/2019.
Examples mentioned in the Gazette include:
- a creditor's petition against M. Velusamy in I.P. No. 11/2005,
- a petition by K. Gangadharan in I.P. No. 12/2007,
- a petition by P. Jayachandran against Sivakami in I.P. No. 11/2012,
- a petition by K. Suresh against A. Rajeswari in I.P. No. 04/2013,
- a petition by Sri. N. Peria Nambi @ Pethuraj and Smt. Kumuthammal @ Kumutha in I.P. No. 09/2013,
- a petition by M/s. Margadarsi Chit Private Limited against A. Sivabalan in I.P. No. 25/2013,
- a Salem petition by K. Vijayakumar against named creditors in I.P. No. 25/2016.
What a property buyer or owner should take from it
The Tamil Nadu Government Gazette notice does not decide ownership by itself. It is a public court notice that insolvency proceedings are pending and gives the next hearing date. If you are buying property from, lending to, or recovering money from any named person, this Gazette entry is a warning to check the court case status carefully.
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 itself declare someone insolvent?
No. The notices say that insolvency petitions have been filed and that the petitions stand posted to specified dates. They are public notices of pending court proceedings.
Why should a property buyer care about these notices?
Several notices say the petition seeks to vest the person's properties with the Official Receiver. If you are dealing with property connected to a named person, the insolvency case may matter.
Are only debtors named, or are creditors and banks also listed?
Creditors, banks, chit fund companies and other respondents are also named in some cases. For example, the Gazette lists HDFC Bank Limited, Bajaj Finance Limited, ICICI Limited, State Bank of India, Bank of Baroda, Union Bank of India, Punjab National Bank, Canara Bank and others.
Which courts issued these insolvency notifications?
The notifications shown in the extract come from the court of the Principal Subordinate Judge, Tiruppur, and the court of the Principal Subordinate Judge of Salem.
