Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 September 2026
This is a procedural order from the National Company Law Appellate Tribunal (NCLAT) concerning three interconnected appeals (Comp. App. (AT) (Ins) No. 1220 of 2026, No. 1241 of 2026, and No. 1377 of 2026). The appeals involve J.M Financial Asset Reconstruction Company Ltd. and Howrah Mills Company Ltd. as primary respondents. The appellants are Siddhartha Bandyopadhyay (a former director), Bengal Jute Mill Shramik Sangha (a workers' union), and Abinandan Holdings Private Ltd. (a financial entity).
The bench, comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical), noted a "paucity of time" as the reason for not conducting a substantive hearing on the merits of the appeals. Consequently, the tribunal did not address any allegations, legal questions, or factual background of the disputes. The sole directive issued was to adjourn and list all three appeals for a future hearing on 07 October 2026.
Final Outcome
The appeals were adjourned to October 7, 2026. No rulings on the merits, penalties, approvals, or dismissals were made. The final outcome of the underlying corporate insolvency or legal disputes remains pending and undecided.
Topics: NCLAT, Corporate Insolvency, Adjournment