According to the Hanafi Mazhab, Jumma Salaah is still Fard to be performed.
Allama Ibn Rushd (Allah be pleased with him) records the ruling of the Hanafi Mazhab as follows,
‘Imaam Maalik and Abu Hanifa (Allah be pleased with him) rule that when Eid and Jumma coincide, a Mukalaf (one obligated to observe the precepts of Islamic Law) is bound to both (meaning it is obligatory on him to perform both Eid and Jumma Salaah).’
(Bidaayatul Mujtahid, Vol. 1, pg. 321, Published by Maktaba Isha’atul Islam, Delhi)
Allah and His Rasool know best.
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