SIDBI Appeals Alok Industries Guarantors NCLAT Adjournment

Case Details

• Case Name: Small Industries Development Bank vs. Surendra B. Jiwrajka (Personal Guarantor of Alok Industries Ltd.); Small Industries Development Bank vs. Ashok B. Jiwrajka (Personal Guarantor of Alok Industries Ltd.); Small Industries Development Bank vs. Dilip B. Jiwrajka (Personal Guarantor of Alok Industries Ltd.)
• Court/Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi
• Case Numbers: Comp. App. (AT) (Ins) No. 1247 of 2024; Comp. App. (AT) (Ins) No. 1250 of 2024; Comp. App. (AT) (Ins) No. 1251 of 2024
• Order Date: May 15, 2026

Parties Involved

• Appellant(s): Small Industries Development Bank (SIDBI)
• Respondent(s):
• Surendra B. Jiwrajka (Personal Guarantor of Alok Industries Ltd.)
• Ashok B. Jiwrajka (Personal Guarantor of Alok Industries Ltd.)
• Dilip B. Jiwrajka (Personal Guarantor of Alok Industries Ltd.)
• Legal Representatives:
• For Appellant(s): Mr. P. Nagesh, Sr. Advocate with Mr. Shouryaditya, Advocates. Mr. Ajay Kumar and Mr. Rajat Kumar Bhati, Advocates.
• For Respondent(s): Mr. J. Rajesh, Mr. Md. Arsalan Ahmed, Mr. Yashwardhan Aggarwal and Mr. Ali Abbas Masoodi, Ms. Petrushka Das Gupta, Mr. Mridul Yadav and Mr. Anand Singh Sengar, Advocates.

Final Ruling & Enforcement

The NCLAT issued a procedural order to adjourn the hearing for all three connected appeals. The matters were listed for the next hearing on May 26, 2026, at 02:00 P.M. The order was passed by a bench consisting of Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member (Technical)).

Note: This is a procedural order for adjournment. The issues/allegations, findings, penalties, and corrective actions related to the appeals are not detailed in this specific order and are therefore not included in this summary.