Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 10 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard multiple connected appeals involving J.M Financial Asset Reconstruction Company Limited and other parties. The appeals include:
- 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.
- Comp. App. (AT) (Ins) No. 1377 of 2026 & I.A. No. 5346 of 2026: Abinandan Holdings Private Ltd. vs. J.M Financial Asset Reconstruction Company Ltd. & Anr.
Senior Counsel Mr. Krishnendu Datta, representing the appellant in the first appeal, completed his submissions on 10 August 2026. The tribunal noted that further arguments are required in the matter.
Final Outcome
The NCLAT adjourned the hearing and listed the cases for further arguments on 11 August 2026 as the first case in the supplementary cause list. The matter remains pending before the tribunal comprising Justice Mohammad Faiz Alam Khan (Member Judicial) and Mr. Naresh Salecha (Member Technical).
Topics: NCLAT Proceedings, Asset Reconstruction, Insolvency Appeals