Mehta Integrated Finance Reports Order Directing Attachment of Shares in City Civil Court, Ahmedabad
Mehta Integrated Finance Ltd reported receipt of a City Civil Court order dated April 1, 2026. The order, which was served on the Company and the opposite party on April 4, 2026, originated from the Commercial Court at the City Civil Court in Ahmedabad.The court order directs garnishes to attach shares held by the present judgment debtors. This action aims to prevent any further transfer or alienation of the shares belonging to the judgment debtors that are currently held with the garnishees. Furthermore, the garnishes are directed to freeze these shares and any dividends accrued thereon with immediate effect.
The Company's Annexure A details the material contents of the communication. According to the annexure, the order issued by the Commercial Court at City Civil Court, Ahmedabad, on April 1, 2026, directs the freezing of shares and accrued dividends.
The specific proceedings involved Case No. 593 OB 2021, titled Mehta Integrated Finance Company Limited Vs Radhe Developers & Ors.
Court Directives and Attachments
The order issued on April 1, 2026, directs the garnishes to freeze the shares of the Judgment Debtors with immediate effect.In a related section detailing financial implications, the court order directs that the garnishes must attach the shares held by the present judgment debtors to preclude transfer or alienation.
The Company confirmed that the order requires the immediate freezing of shares and accrued dividends held by the garnishees. The Company stated its intention to pursue attaching the shares held by the present judgment debtors.
The provided documentation included a table summarizing the case details, which covered the following:
| Field | Details |
|---|---|
| Type of Communication Received | City Civil Court, Ahmedabad order dated 01.04.2026 served on 04.04.2026 to the Company and opposite party. |
| Authority Issuing Communication | The Commercial Court at City Civil Court, Ahmedabad. |
| Key Directive | Garnishes are directed to attach the shares held by the present judgment debtors to prevent transfer or alienation, and to freeze these shares and accrued dividends immediately. |
The filing noted that the expected financial implications would be finalized, but in the meantime, the Company is allowed to attach the shares held by the present judgment debtors, directing garnishes to freeze the shares and dividends accrued thereon immediately.
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