Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 11 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard three interconnected company appeals (Comp. App. (AT) (Ins) No. 1220 of 2026, No. 1241 of 2026, and No. 1377 of 2026) along with an interlocutory application (I.A. No. 5346 of 2026). The appeals involve multiple parties:
- Comp. App. (AT) (Ins) No. 1220 of 2026: Siddhartha Bandyopadhyay (Appellant) versus J.M Financial Asset Reconstruction Company Ltd. & Others (Respondents)
- Comp. App. (AT) (Ins) No. 1241 of 2026: Bengal Jute Mill Shramik Sangha (Appellant) versus Howrah Mills Company Ltd. & Others (Respondents)
- Comp. App. (AT) (Ins) No. 1377 of 2026: Abinandan Holdings Private Ltd. (Appellant) versus J.M Financial Asset Reconstruction Company Ltd. & Another (Respondents)
The matters appear to be related to insolvency proceedings concerning Howrah Mills Company Ltd., with J.M Financial Asset Reconstruction Company Ltd. involved as a financial creditor. The Bengal Jute Mill Shramik Sangha appears to represent workers/operational creditors, while Abinandan Holdings Private Ltd. and Siddhartha Bandyopadhyay appear to be other stakeholders in the proceedings.
Final Outcome
The NCLAT Bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) adjourned all appeals to August 18, 2026, under the same caption. The adjournment was granted because the bench was available only until 1:00 PM on the hearing date, and it was informed that the matter would require more time for proper hearing. No substantive orders were passed on the merits of the cases.
Topics: Corporate Insolvency, NCLAT Proceedings, Debt Resolution