NCLT Ahmedabad Reserves Order in Bank of Baroda Insolvency Case

Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad

Order Date: 09/06/2026

Case Overview

The National Company Law Tribunal (NCLT) Ahmedabad heard interconnected applications in an insolvency proceeding initiated by Bank Of Baroda against Mr. Brijmohan Biradnath Modi, who stands as a personal guarantor for the corporate debtor M/s Fairdeal Jumbo Packaging Pvt Ltd. The proceedings were conducted under Section 95 of the Insolvency and Bankruptcy Code, 2016. The specific case numbers involved are CP(IB)/478(AHM)2025 along with interim applications IA/178(AHM)2026 and IA/507(AHM)2026. During the hearing, the tribunal noted that the personal guarantor was not physically present despite previous directions from the court to appear.

Final Outcome

The NCLT bench, comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma, reserved its order after hearing arguments from all parties. The final ruling on the insolvency application against the personal guarantor is pending and will be delivered at a later date.

Topics: Insolvency Proceeding, Personal Guarantor, NCLT