Madras HC revokes insolvency order on Jayaprada

Chennai, Mar 7 (UNI) Madras High Court today revoked the 2006 order against cine actor and Samajwadi Party MP Jayaprada, declaring her as an insolvent.

When the case seeking condoning the delay of over 500 days for filing an appeal against the order came up for hearing today, the actor's counsel said his clients were ready to settle all the dues, including to the Chennai Corporation.

Allowing the plea, Justice V Ramasubramanian ordered the revocation of insolvency.

The Counsel handed over two demand drafts -- Rs 19.20 lakh favouring Chennai Corporation for Property Tax dues and Rs 6.5 lakh to Mr Gopalakrishna Rao of Woodlands Theatre in Chennai, a creditor in whose case she was declared insolvent in 2006.

Meanwhile, Standing Counsel for the Commercial Taxes Department filed a memo, stating Ms Jayaprada and her brothers owed Rs 1,91,620.

Later, Mr Justice Ramasubramanian allowed three petitions filed by Ms Jayaprada, seeking to condone the delay in filing an appeal on the 2006 order, to quash the attachment order of the Chennai Corporation for its Property Tax dues and quashing insolvency proceedings.

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