Authority: National Company Law Tribunal, Ahmedabad Bench (Court 2)
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC) in case C.P.(IB)/24(AHM)2026. The matter involves Fettech Commercial Enterprises Pvt Ltd (Applicant) versus Mercury Trade Links Ltd (Respondent). Both parties were represented by their advocates - Mr. Arjun Padhiyar for the Applicant and Mr. Harmish Shah for the Respondent. The parties confirmed they had filed written submissions as per previous orders but reported that settlement was not possible in this matter. The tribunal noted that there are other financial creditors involved and that the invoices in question relate to supply of vegetable items to the corporate debtor.
Final Outcome
The tribunal issued specific directions to both parties: The Applicant's counsel was directed to file an affidavit within 7 days demonstrating compliance with GST requirements for the submitted invoices and authenticating proof of delivery. The Respondent's counsel was directed to file a Net Worth Certificate obtained from their statutory auditor, along with the last audited balance sheet or unaudited financial statements, within one week. The matter has been adjourned and listed for further consideration on 13 July 2026.
Topics: Insolvency Proceedings, NCLT Directions, Corporate Debt Dispute