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/-…

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