NCLT Ahmedabad Reserves Order on Fairdeal Repayment Plan

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

Order Date: 15/06/2026

Case Overview

This proceeding, registered as IA/786(AHM)2026 in C.P.(IB)/481(AHM)2025, is an application under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC). The applicant is Bank Of Baroda, and the respondent is Mr. Manoj Zabbarraj Sanklecha, the Personal Guarantor to M/s Fairdeal Jumbo Packaging Pvt. Ltd. The bench comprised Hon'ble Member (Judicial) Mr. Shammi Khan and Hon'ble Member (Technical) Mr. Sanjeev Sharma. The matter was heard in hybrid mode. The Outgoing Resolution Professional (RP), Mr. Dhaval C. Khamar, appeared in person and submitted that a repayment plan for the corporate debtor, Fairdeal Jumbo Packaging Pvt. Ltd., had been received. This plan had already been deliberated in a meeting of creditors. The current status is that the plan is pending approval from the creditor(s).

Final Outcome

After hearing submissions from the learned counsel for the applicant (Bank of Baroda) and the outgoing RP, the tribunal reserved its order. A final ruling is pending.

Topics: Insolvency, NCLT, Corporate Debt