NCLAT Dismisses Canara Bank's Insolvency Fraud Appeal

NCLAT upholds NCLT order dismissing Canara Bank's Section 65 IBC application alleging fraudulent CIRP initiation.
Tribunal sets aside NCLT's direction for forensic audit of corporate debtor's transactions at Canara Bank's cost.
Court finds no evidence of malicious intent in Reliance Capital's Section 7 application against Carnival Techno Park.
Authum Investment's appeal succeeds while Canara Bank's appeal against the same order is dismissed.