Insolvency Petitions (8 VI 3a v2)
The Government of Tamil Nadu published Tamil Nadu Government Gazette No. 8, Part VI, Section 3(a), dated February 20, 2019, containing Judicial Notifications issued by the Principal Subordinate Judge of Namakkal, including notification numbers No. VI-3(a)/58/2019 through No. VI-3(a)/66/2019. The notices announce insolvency petitions, identify the parties, describe the relief requested, including control of certain property by an Official Receiver or official assignee, and provide hearing dates.
What the gazette publishes
The Government of Tamil Nadu gazette publication records insolvency petitions pending before the Court of the Principal Subordinate Judge of Namakkal. The notifications were signed by M.E. Padma, Principal Subordinate Judge, on February 12, 2019, and published in the gazette dated February 20, 2019.
The publication gives public notice that petitions have been filed. It does not record final decisions declaring the petitioners or respondents insolvent.
Who may be affected
The Judicial Notifications may affect:
- Petitioners asking to be declared insolvent.
- Respondents whom petitioners seek to have declared insolvent.
- Creditors, tax authorities, finance businesses and other parties named in the proceedings.
- Anyone dealing with property or assets described in a petition, where control by an Official Receiver or official assignee has been requested.
Most parties and addresses listed are connected with Namakkal Taluk, Namakkal Town or Namakkal District. Some respondents are located in Chennai, Salem, Krishnagiri and Tiruchirappalli districts.
Key provisions
The notifications state that:
- No. VI-3(a)/58/2019 concerns a debtor seeking to be declared insolvent and was posted to February 22, 2019.
- No. VI-3(a)/59/2019 seeks to have the first respondent declared insolvent and to place that respondent's properties with the Official Receiver. It was posted to February 22, 2019.
- No. VI-3(a)/60/2019 seeks to have the petitioner declared insolvent and asks an official assignee to take charge of assets listed in Schedule B for administration. It was posted to February 22, 2019.
- Several other petitions seek an insolvency declaration and, in some cases, vesting of petition property with the Official Receiver.
- No. VI-3(a)/63/2019 was posted to March 8, 2019.
- No. VI-3(a)/65/2019 seeks to have the first respondent declared insolvent and to vest property described in Schedule A with the Official Receiver, Namakkal. It was posted to March 4, 2019.
Property buyers and professionals should note that these are notices of pending petitions. Any property concern must be matched to the named party and the relevant property schedule in the court proceeding.
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 the gazette mean the named people were already declared insolvent?
No. The notifications say insolvency petitions were filed and posted for hearing. They do not report final orders declaring the parties insolvent.
Could property be affected by these insolvency petitions?
Yes. Some petitions ask for property to be vested with the Official Receiver or for assets to be taken over by an official assignee for administration.
Which court issued the insolvency notices?
The notices were issued by the Court of the Principal Subordinate Judge of Namakkal and signed by M.E. Padma, Principal Subordinate Judge.
What hearing dates appear in the notifications?
The notices include February 22, 2019, March 4, 2019, and March 8, 2019, depending on the petition.
