NCLAT hears Canara Bank appeals against rejection of insolvency applications filed against three personal guarantors to Integrated Caps Pvt. Ltd.
Adjudicating Authority rejected Section 95 applications on limitation grounds, using date of NPA as default date.
Bank contends guarantee was invoked on 09.03.2018, making application filed on 10.11.2022 timely.
Tribunal issues notice, sets timelines for replies, and lists appeals for hearing on 14.05.2026.