NCLT Dismisses Canara Bank's ₹495 Crore Guarantor Insolvency Petition

NCLT Hyderabad dismissed Canara Bank's petition to initiate insolvency against personal guarantor A.S. Gopal for ₹495 crore debt.
Tribunal found inconsistencies in debt accounting and lack of clear nexus between 2005 guarantee and current claimed amount.
Corporate Debtor A.L. Sudarshan Constructions was already under liquidation with NPA classification dating back to 2006.
Bank claimed multiple debt acknowledgments and OTS proposals while respondent alleged improper accounting and limitation issues.