SIDBI Appeals Alok Industries Guarantor Insolvency

Case Details

• Case Name: Company Appeal (AT) (Insolvency) No. 1247 of 2024, 1250 of 2024, and 1251 of 2024
• Court/Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi
• Case/Order No.: As above
• Date of Order: 26th May 2026
• Period of violation/dispute: Not specified in the order

Parties Involved

• Appellant: Small Industries Development Bank (SIDBI)
• Respondents:
• In Appeal No. 1247: Surendra B. Jiwrajka (Personal Guarantor of Alok Industries Ltd.)
• In Appeal No. 1250: Ashok B. Jiwrajka (Personal Guarantor of Alok Industries Ltd.)
• In Appeal No. 1251: Dilip B. Jiwrajka (Personal Guarantor of Alok Industries Ltd.)
• Legal Representatives: For respondents, various advocates are listed, including Mr. Amar Dave, Sr. Advocate with Ms. Pallavi Pratap, Mr. J. Rajesh, and Mr. Mridul Yadav for Appeal No. 1247; Mr. Krishnendu Dutta, Sr. Advocate with Mr. J. Rajesh, Mr. Mridul Yadav, Ms. Petrushka Dasgupta, Mr. Anand Sengar, and Mr. Raghav Mithal for Appeal No. 1250; and Mr. Amar Dave, Sr. Advocate with Mr. J. Rajesh, Ms. Petrushka Dasgupta, Ms. Pallavi Pratap, Mr. Anand Sengar, and Mr. Raghav Mithal for Appeal No. 1251.

Final Ruling & Enforcement

The order directs that these appeals be listed for hearing on 17th July 2026. No substantive rulings, penalties, or enforcement actions are detailed in this procedural order.