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 arguments in matter C.P.(IB)/480(AHM)2025 along with connected applications IA/69(AHM)2026 and IA/412(AHM)2026. The proceedings were initiated under Section 95 of the Insolvency and Bankruptcy Code, 2016. Bank of Baroda filed the application as the financial creditor against Mr. Ronak Brijmohannath Modi, who stands as the personal guarantor to M/s Fairdeal Jumbo Packaging Pvt. Ltd. The tribunal heard learned counsels for all parties including the financial creditor, resolution professional/interim resolution professional, and the personal guarantor. Mr. Ronak Brijmohannath Modi was physically present in court during the proceedings, which were conducted in hybrid mode.
Final Outcome
The bench comprising Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical) reserved orders in the matter after hearing all arguments and perusing the records. No immediate decision was rendered, and the final order will be delivered at a later date.
Topics: Insolvency Proceedings, Personal Guarantor, Banking Dispute