Liquidator of Mercator Limited files application under IBC Section 33(5) to initiate insolvency against Dredging Corporation of India.
Application cites a final arbitration award in Mercator's favor and DCI's sufficient funds per High Court orders.
Tribunal issues notice to DCI, directs reply filing, and lists matter for further consideration on 27 July 2026.
Other interconnected applications concerning SCC members and liquidator change are adjourned to 20 July 2026.