NCLT Ahmedabad Admits Fettech Commercial Enterprises’ Insolvency Plea Against Mercury Trade Links

The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 1 September admitted the insolvency petition filed by Fettech Commercial Enterprises Pvt. Ltd. against Mercury Trade Links Ltd. A Bench comprising Judicial Member Chitra Hankare and Technical Member Dr VG Venkata Chalapathy observed: “…we are satisfied that there exists an operational debt of Rs.2,70,00,000/-…

Voluntary arrangements backed for Ardmore companies

Ardmore’s board filed moratorium notices for the seven group companies in June 2026 after placing Ardmore Construction Group Limited and its subsidiary companies into administration, following remediation claims and subsequent Building Liability Orders (BLO) on legacy residential developments, which the group continues to dispute. Working with financial and real estate advisory group, BTG, and law…

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