Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 19.08.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Comp. App. (AT) (Ins) No. 1477 of 2026 along with I.A. No. 5691 of 2026. The appeal was filed by JM Financial Asset Reconstruction Company Ltd., acting in its capacity as trustee of EB Retail 2025-Trust, against respondents H.P. Trading Co. & Anr. The tribunal heard learned counsel for the appellant and perused the record during the hybrid mode hearing.
Final Outcome
The NCLAT found that the matter requires consideration and admitted the appeal for further hearing. The tribunal issued notice on the interlocutory application (I.A. No. 5691 of 2026) and directed that steps along with process fee and requisites be taken within 3 working days from the order date. The matter was listed for the next hearing on 10.09.2026 under the caption for admission after notice. The appellant was permitted to file an additional affidavit enclosing documents that were before the Learned Adjudicating Authority.
The bench comprised Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical). The appellant was represented by Mr. K S Mahadevan, Ms. Swati Bansal, and Mr. R. Rangarajan, advocates.
Topics: NCLAT Proceedings, Debt Recovery, Corporate Insolvency