Tamil Nadu Government Gazette, No. 52, Part VI, Section 3(a)
The Government of Tamil Nadu published Tamil Nadu Government Gazette No. 52, Part VI, Section 3(a), on 26 December 2018, carrying judicial notifications issued by M.E. Padma, Principal Subordinate Judge, Sub Court, Namakkal, about insolvency petitions. The notices report requests to have petitioners or respondents declared insolvent and, in some cases, to place their properties with an Official Receiver, with the listed petitions posted to 18 February 2019.
What the gazette contains
Tamil Nadu Government Gazette No. 52, Part VI, Section 3(a), published by the Government of Tamil Nadu on 26 December 2018, contains judicial notifications from the Sub Court, Namakkal. The extract includes insolvency notices numbered VI-3(a)/246/2018 to VI-3(a)/254/2018, issued by M.E. Padma, Principal Subordinate Judge.
The notifications give public notice of petitions filed under the Provincial Insolvency Act. They do not announce final findings that the people concerned have already been declared insolvent.
Who may be affected
The judicial notifications directly concern the petitioners and respondents named in the individual insolvency proceedings. They may also be relevant to a person considering a transaction involving property belonging to someone named in a petition, particularly where the petitioner has requested that the property be vested with an Official Receiver.
The proceedings arise from the Sub Court, Namakkal, and identify parties with addresses mainly in Namakkal District, including Namakkal, Mohanur, Tiruchengode, Senthamangalam and surrounding villages.
Key provisions in the notices
- Several creditors ask the court to declare particular respondents insolvent.
- Some petitions also ask for the relevant respondent's properties to be vested with an Official Receiver.
- Notice VI-3(a)/247/2018 specifically refers to vesting the first respondent's properties with the Official Receiver, Salem.
- Another notice refers to vesting the first respondent's properties with the Official Receiver, Namakkal.
- Some proceedings, including the petition involving S. Gunaseelan, ask the court to declare the petitioner himself insolvent.
- The notice involving N. Tamilarasan seeks to have the second and third respondents declared insolvent.
- The petitions for which posting information is provided were listed for 18 February 2019.
Property significance
Tamil Nadu Government Gazette No. 52 records that property vesting was requested in some cases, but it does not state in the supplied text that the requests were granted. A buyer or professional dealing with property connected to a named party would need to distinguish between the filing of an insolvency petition and a final court decision.
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 mean that every named person was declared insolvent?
No. The notifications say that petitions were filed asking the court to declare particular petitioners or respondents insolvent. The supplied text does not record final decisions granting those requests.
Could these insolvency notices affect a property purchase?
They may be relevant if the property belongs to a person whose assets are the subject of a request for vesting with an Official Receiver. The supplied text reports the request, not whether the court ultimately granted it.
When were the insolvency petitions listed before the court?
The petitions for which posting information appears in the supplied text were posted to 18 February 2019.
Which court issued these judicial notifications?
The notifications were issued by M.E. Padma, Principal Subordinate Judge, Sub Court, Namakkal.
