Canara Bank Seeks Personal Guarantor Bankruptcy Proceedings

Canara Bank filed application under Sections 115(2), 121 and 123 of IB Code 2016 for bankruptcy proceedings against personal guarantor.
Application seeks condonation of 62-day delay in filing bankruptcy proceedings against Shri Sajid Mohd. Farooqui.
Tribunal directs bank to file additional affidavit with documentary proof of competent authority's decision within 10 days.
Matter listed for further consideration on June 15, 2026, before NCLT Ahmedabad Division Bench.