Canara Bank filed an application seeking 420-day delay condonation for initiating bankruptcy against a personal guarantor.
The application was filed under Sections 115(2), 121, and 123 of the Insolvency and Bankruptcy Code, 2016.
The Tribunal directed the bank to file an additional affidavit with documentary proof of the competent authority's decision.
The matter has been listed for further consideration on June 15, 2026.