Case Details
Court/Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Bench Composition:
- Shri Praveen Gupta, Hon'ble Member (Judicial)
- Shri Ashish Verma, Hon'ble Member (Technical)
Order Date: 20th May, 2026
Case Numbers and Details:
- Item No. 138: IA No.292/2025 IN CP (IB) No.19/ALD/2022
- Item No. 139: IA No.226/2025 & IA No.389/2025 IN CP (IB) No.20/ALD/2022
- Item No. 140: IA No.227/2025 & IA No.391/2025 IN CP (IB) No.21/ALD/2022
- Item No. 141: IA No.228/2025 & IA No.390/2025 IN CP (IB) No.22/ALD/2022
- Item No. 142: CP (IB) No.58/ALD/2023
- Item No. 143: IA No.270/2026 IN CP (IB) No.59/ALD/2023
Legal Framework: All cases filed under Section 95(1) of the Insolvency and Bankruptcy Code (IBC) in the context of Personal Insolvency Resolution Process (PIRP).
Parties Involved
Financial Creditor: Small Industries Development Bank of India (SIDBI)
Personal Guarantors and Their Respective Companies:
- Virendra Kumar Chawla (Personal Guarantor of M/s JML Marketings Pvt. Ltd.)
- Anil Arora (Personal Guarantor of M/s JML Marketings Pvt. Ltd.)
- Rajinder Kumar Chawla (Personal Guarantor of M/s JML Marketings Pvt. Ltd.)
- Kimti Lal Arora (Personal Guarantor of M/s JML Marketings Pvt. Ltd.)
- Rahul Jessal Mittra (Personal Guarantor of Margdarshak Financial Services Ltd.)
Corporate Debtors:
- JML Marketings Pvt. Ltd. (in multiple cases)
- Margdarshak Financial Services Ltd. (in two cases)
Order and Proceedings
The matters listed under Item Nos. 138 to 143 could not be taken up for hearing due to paucity of time. The NCLT Bench accordingly adjourned all six cases to 17th July, 2026 for next hearing.
Court Officials
- Court Officer: Shashank Priyadarshi
- Stenographer: Avaneesh Kumar Singh
The order sheet was signed by the Court Officer on 20th May, 2026.