Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 17 August 2026
Case Overview
This is an appeal filed by Ravindra Mogra (Appellant) against Canara Bank & Anr. (Respondents) under the Insolvency and Bankruptcy Code. The case is identified as Company Appeal (AT) (Insolvency) No. 1100 of 2025 along with an Interlocutory Application (I.A. No.5283 of 2026). The matter was heard in hybrid mode. During the hearing, the counsel for the Appellant, Mr. Manoj Harit, along with other advocates, informed the tribunal that the appellant has already sent a One-Time Settlement (OTS) proposal to Canara Bank and is currently awaiting the bank's response. The counsel for the respondent bank, Ms. Anju Jain, was also present.
Final Outcome
The three-member bench, led by Officiating Chairperson Justice Yogesh Khanna and including Member (Technical) Barun Mitra and Member (Technical) Ajai Das Mehrotra, ordered that the matter be listed next on 03 September 2026. The final adjudication of the appeal is pending the bank's response to the OTS proposal.
Topics: Insolvency Appeal, One-Time Settlement, Banking