# Fettech Commercial Enterprises Private Limited vs. Mercury Trade Links Limited

> NCLT judgment dated 2026-09-01. Citation: TCN-2026-NCLT-00947. Fettech Commercial Enterprises Private Limited (Operational Creditor) filed a Section 9 IBC…

- **Court:** NCLT
- **Order date:** 1 Sept 2026
- **Citation:** TCN-2026-NCLT-00947
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/fettech-commercial-enterprises-private-limited-vs-mercury-trade-links-limited-i0w54

## Summary

### Background

Fettech Commercial Enterprises Private Limited (Operational Creditor) filed a Section 9 IBC application against Mercury Trade Links Limited (Corporate Debtor) for an unpaid operational debt of Rs.2.70 crore for agricultural products supplied. The Corporate Debtor disputed the amount, citing pre-existing issues of delayed supply and inferior quality, and also questioned the applicant's authority to file the petition.

## Facts

Fettech Commercial Enterprises Private Limited (Operational Creditor) filed a petition under Section 9 of the IBC against Mercury Trade Links Limited (Corporate Debtor).

The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) against Mercury Trade Links Limited for an outstanding operational debt of Rs.2,70,00,000/-.

Both companies are incorporated under the Companies Act and are engaged in the business of agriculture-related products.

From 01.04.2024 to 31.12.2024, the Corporate Debtor approached the Operational Creditor for the supply of agricultural products, which were supplied and received without dispute.

A running account was maintained, with invoices payable within 3 months of issuance.

…

## Issues and analysis

### Issue 1: Whether there exists an operational debt …

**Ratio:** An operational debt exists when there is a claim in respect of the provision of goods or

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**Reasoning:** The applicant supplied agricultural produce to the Corporate Debtor, creating an

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**Interpretation:** The supply of goods and the subsequent non-payment after the due date clearly

…

**Application:** The facts demonstrate that Fettech Commercial Enterprises Private Limited

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## Parties

- **Judges:** Chitra Ha…; Velamur G Venkata…
- **Appellants:** Fettech Commercial…
- **Respondents:** Mercury Trade…
- **Other parties:** Dipti Narayan…; Manish Kumar…
- **Advocates:** Arjun Pad…; Harmish…

## Timeline

- **2024-04-01 to 2024-12-31 — Supply of Agricultural…**: Fettech Commercial Enterprises Pvt Ltd supplied agricultural products to Mercury Trade…
- **2024-12-31 — Last Invoic…**: The last invoice for the supplies was…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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