Fettech Commercial Enterprises Pvt Ltd (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Mercury Trade Links Ltd (Corporate Debtor) for an outstanding operational debt of Rs.2,70,00,000/-. The debt arose from the supply of agricultural products between April 1, 2024, and December 31, 2024. The last invoice was raised on December 31, 2024, and the debt became due on March 31, 2025, after a 90-day credit period. A demand notice was issued on November 15, 2025, and delivered on November 18, 2025. The Corporate Debtor disputed the amount, citing pre-existing issues of delayed supply and inferior quality, and questioned the applicant's authority to file the petition.
Fettech Commercial Enterprises Pvt Ltd (Operational Creditor) filed a petition under Section 9 of the IBC, 2016.
The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) against Mercury Trade Links Limited (Corporate Debtor).
The outstanding amount claimed is Rs.2,70,00,000/-.
Both the Operational Creditor and Corporate Debtor are companies engaged in the business of agriculture-related products.
Agricultural products were supplied by the Operational Creditor to the Corporate Debtor during the period from April 1, 2024, to December 31, 2024.
Total supplies amounted to Rs.4,41,50,034.05/-.
The Corporate Debtor paid Rs.1,71,50,034.05/-, leaving Rs.2,70,00,000/- unpaid.
The last invoice was raised on December 31, 2024.
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Beginning of the period during which…
The period of supply of agricultural products…
Fettech Commercial Enterprises Pvt Ltd (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Mercury Trade Links Ltd (Corporate Debtor) for an outstanding operational debt of Rs.2,70,00,000/-. The debt arose from the supply of agricultural products between April 1, 2024, and December 31, 2024. The last invoice was raised on December 31, 2024, and the debt became due on March 31, 2025, after a 90-day credit period. A demand notice was issued on November 15, 2025, and delivered on November 18, 2025. The Corporate Debtor disputed the amount, citing pre-existing issues of delayed supply and inferior quality, and questioned the applicant's authority to file the petition.
Fettech Commercial Enterprises Pvt Ltd (Operational Creditor) filed a petition under Section 9 of the IBC, 2016.
The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP) against Mercury Trade Links Limited (Corporate Debtor).
The outstanding amount claimed is Rs.2,70,00,000/-.
Both the Operational Creditor and Corporate Debtor are companies engaged in the business of agriculture-related products.
Agricultural products were supplied by the Operational Creditor to the Corporate Debtor during the period from April 1, 2024, to December 31, 2024.
Total supplies amounted to Rs.4,41,50,034.05/-.
The Corporate Debtor paid Rs.1,71,50,034.05/-, leaving Rs.2,70,00,000/- unpaid.
The last invoice was raised on December 31, 2024.
…Beginning of the period during which…
The period of supply of agricultural products…