Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14.09.2026
Case Overview
This order pertains to a cluster of interconnected appeals heard together concerning the corporate insolvency resolution process of Howrah Mills Company Ltd. The appeals are Comp. App. (AT) (Ins) No. 1220 of 2026 (Siddhartha Bandyopadhyay vs. J.M Financial Asset Reconstruction Company Ltd. & Ors.), Comp. App. (AT) (Ins) No. 1241 of 2026 (Bengal Jute Mill Shramik Sangha vs. Howrah Mills Company Ltd. & Ors.), and Comp. App. (AT) (Ins) No. 1377 of 2026 (Abinandan Holdings Private Ltd. vs. J.M Financial Asset Reconstruction Company Ltd. & Anr.). The appellants include an individual, a workers' union, and a corporate entity, while the respondents include the financial creditor, JM Financial Asset Reconstruction Company Ltd., and the corporate debtor, Howrah Mills Company Ltd.
Final Outcome
The tribunal did not issue a substantive ruling on the merits of the appeals. Following the conclusion of submissions by Shri Sumant Batra, Senior Counsel for the appellant in Comp. App. (AT) (Ins.) No. 1377 of 2026, the counsel for the appellant in Comp. App. (AT) (Ins.) No. 1241 of 2026 (Bengal Jute Mill Shramik Sangha) sought permission to bring certain additional documents on record by way of an affidavit. The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Mr. Naresh Salecha (Member-Technical), permitted the filing of this affidavit within two days from the order date (i.e., by September 16, 2026), with an advance copy to be provided to all other parties. Consequently, the matters were adjourned and listed next for hearing on 17.09.2026.
Topics: Insolvency, NCLAT, Corporate Debtor