Mehta Integrated Finance Ltd. Receives Court Order to Freeze Shares of Judgement Debtors

Mehta Integrated Finance Ltd. has received a court order from the City Civil Court at Ahmedabad, dated 01.04.2026, directing the garnishes to attach the shares held by the present judgement debtors. The order was served on 04.04.2026 to the company and the opposite party. The court has ordered to freeze the shares of the Judgement Debtors lying with the garnishees and dividends accrued thereon with immediate effect. The order is applicable since 2007. The financial implications are yet to be finalised, but the company is allowed to attach the shares held by the present judgement debtors to prevent further transfer or alienation. The court has also imposed a restriction for attaching the shares of the Radhe Developers India Limited, a listed company on BSE Ltd.