Court orders freeze on debtor shares in favour of company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mehta Integrated Finance received a City Civil Court, Ahmedabad order dated 01.04.2026 (served 04.04.2026) in its favour under Execution Petition No. 593/2021 against Radhe Developers & Others. The court directed garnishees to attach and freeze shares of the judgment debtors and accrued dividends, preventing any transfer or alienation. The company is the award holder in a long-running dispute (since 2007) and is enforcing an arbitration award. No penalty was imposed on the company; the order is a positive enforcement step. One of the judgment debtors, Radhe Developers (India) Ltd, is also a BSE-listed company.
Positive: court order in company's favour freezes debtor shares, supporting enforcement of its arbitration award and potential recovery of dues.