Authority: National Company Law Tribunal, Ahmedabad Bench-2
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad Bench-2, comprising Judicial Member Mrs. Chitra Hankare and Technical Member Dr. Velamur G Venkata Chalapathy, heard proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC). The case involves an insolvency petition (C.P.(IB)/24(AHM)2026) filed by Fettech Commercial Enterprises Pvt Ltd (Applicant) against Mercury Trade Links Ltd (Respondent). The applicant's counsel, Mr. Arjun Padhiyar, appeared and submitted an affidavit in compliance with a previous order. The respondent's counsel, Mr. Harmish Shah, presented a net worth certificate which the tribunal found unsatisfactory.
Final Outcome
The NCLT directed the respondent, Mercury Trade Links Ltd, to file complete audited balance sheets for the last three years within one week. The case has been adjourned and listed for further consideration on 11 August 2026.
Topics: Insolvency Proceedings, Corporate Debt, Financial Disclosure