NCLT Admits Bank Of Baroda Plea Against Alfara'a Infraprojects Guarantor Over ₹2,957-Crore Default
Mumbai, November 12, 2026: The National Company Law Tribunal (NCLT) has admitted a plea filed by Bank of Baroda to initiate insolvency resolution proceedings against Jawaharlal Rijhumal Gangaramani, personal guarantor of Alfara'a Infraprojects Private Limited, over an alleged default of ₹2,957.72 crore. The bank had filed the petition under Section 95 of the Insolvency and Bankruptcy Code (IBC)…
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