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On 18 December 2025, the Supreme Court of India heard a civil appeal concerning an interim order granted to Mercantile Ports & Logistics Limited (MPL) by the National Company Law Appellate Tribunal (NCLAT) on 10 December 2025. The Supreme Court did not pass an adverse order against MPL, directed the NCLAT to hear the matter on 14 January 2026, and confirmed the interim order dated 10 December 2025 remains in force.
| Date | 18 Dec 2025 |
| Time | 15:29:06 |
| Category | Corporate updates |
| ID | 1776M |
Mercantile Ports & Logistics Limited
("MPL" or the "Company")
Update
Mercantile Ports & Logistics Limited (AIM: MPL), which is operating and continuing to develop a port and logistics facility in Navi Mumbai, Maharashtra, India, provides an update on the ongoing legal proceedings relating to its subsidiary, Karanja Terminal & Logistics Pvt. Ltd.
A civil appeal was listed before the Supreme Court of India earlier today, in which the appellant sought to set aside the interim order previously granted in MPL's favour by the National Company Law Appellate Tribunal (NCLAT) on 10 December 2025.
Following submissions from all parties, the Supreme Court did not pass any adverse order against the Company and directed the NCLAT to hear the matter on 14 January 2026, and, if possible, to dispose of the appeal on that date.
Importantly, the interim order dated 10 December 2025 remains in force.
The Company will continue to pursue all legal remedies available to protect its interests and will provide further updates as appropriate.
For further information, please visit www.mercpl.com or contact:
|
MPL |
c/o Cavendish +44 (0) 207 220 0500 |
|
Cavendish Capital Markets Limited (Nomad and Broker) |
Stephen Keys +44 (0) 207 220 0500 |