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Mercantile Ports & Logistics Limited (MPL) announced that yesterday's hearing before the National Company Law Tribunal (NCLT), Mumbai Bench, regarding the Corporate Insolvency Resolution Process of Karanja Terminal & Logistics Private Limited (KTPL) was adjourned. No substantive order was passed, and the matter has been listed for further hearing on 7 August 2026.
| Date | 2 Jul 2026 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 6998K |
Mercantile Ports & Logistics Limited
("MPL" or the "Company")
NCLT Hearing - Update
Mercantile Ports & Logistics Limited (AIM: MPL) announces that yesterday's hearing before the National Company Law Tribunal ("NCLT"), Mumbai Bench, in relation to the Corporate Insolvency Resolution Process of Karanja Terminal & Logistics Private Limited ("KTPL"), has been adjourned.
No substantive order was passed yesterday, and the matter has been listed for further hearing on 7 August 2026.
Pavan Bakhshi, Managing Director of Mercantile Ports & Logistics, commented:
"We remain fully committed to fighting for the return of our asset and the business we spent years building. We will continue to pursue every legal avenue available to the Company to protect our shareholders' interests and secure the return of our asset. We remain determined and confident in our position."
Enquiries:
|
MPL |
c/o Cavendish +44 (0) 207 220 0500 |
|
Cavendish (Nomad and Broker) |
Stephen Keys +44 (0) 207 220 0500 |