Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard three interconnected company appeals (insolvency) matters:
1. Comp. App. (AT) (Ins) No. 1220 of 2026: Siddhartha Bandyopadhyay (Appellant) versus J.M Financial Asset Reconstruction Company Ltd. & Ors. (Respondents)
2. Comp. App. (AT) (Ins) No. 1241 of 2026: Bengal Jute Mill Shramik Sangha [worker union] (Appellant) versus Howrah Mills Company Ltd. & Ors. (Respondents)
3. Comp. App. (AT) (Ins) No. 1377 of 2026 & I.A. No. 5346 of 2026: Abinandan Holdings Private Ltd. (Appellant) versus J.M Financial Asset Reconstruction Company Ltd. & Anr. (Respondents)
Multiple legal representatives appeared for the parties, including senior advocates Mr. K Datta (for appellant Siddhartha Bandyopadhyay), Mr. Abhijeet Sinha (for respondent JM Financial ARC), and other advocates representing various parties including Howrah Mills Company Ltd. and the worker union.
Final Outcome
Due to paucity of time, the NCLAT Bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical) adjourned all three appeals. The matters have been listed for next hearing on 7th October 2026 under the same caption. No substantive hearings or decisions on merits occurred in this session.
Topics: Insolvency Appeals, NCLAT Proceedings, Corporate Litigation