Le Merite Exports Limited — Others, 03-07-2025: Action(s) taken or orders passed

Le Merite Exports Limited has announced that the alleged operational creditor, Count N Denier Exim Limited, has withdrawn its insolvency application pending before the National Company Law Tribunal, Mumbai Bench. The tribunal dismissed the petition accordingly. This withdrawal has no impact on the company’s financials or operations. This development removes a significant legal uncertainty for the company and is positive from a risk perspective for shareholders.