Mercator Limited — Others, 29-05-2025: Appointment

Mercator Limited has announced a change in its liquidator following the suspension of the previous liquidator’s authorization, which led to a loss of confidence among secured creditors. Mr. Krishna Chamadia, who holds valid authorization until December 2025, has been appointed to replace Mr. Girish Juneja. This change supports continuity in the liquidation process and demonstrates the secured creditors’ committee’s commitment to protecting creditor interests through active oversight.