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Canara Bank Limited
6 articles
Canara Bank is actively pursuing debt recovery through personal insolvency resolution processes (PIRPs), signaling a focus on recouping loans from individual guarantors. Recent NCLT orders demonstrate successful closures of several PIRPs against guarantors linked to Green Space Block LLP and other entities, following full One Time Settlement (OTS) payments. While these settlements represent positive outcomes for the bank, the reserved order in the case against Mohender Aggarwal highlights ongoing legal challenges and the potential for further proceedings. Investors should monitor the bank’s progress in resolving these insolvency cases, as they could impact asset quality and future provisioning needs.
NCLT Approves PIRP Closure via OTS
NCLT allows closure of personal insolvency resolution process for Vinita Pandey after full OTS payment to Canara Bank.
Application filed under Section 112 of IBC 2016 by Resolution Professional is app
Canara Bank vs Rahul Pandey PIRP Closed via OTS
NCLT Allahabad disposes of personal insolvency case against Rahul Pandey, guarantor of Green Space Block LLP.
Case closure follows full receipt of One Time Settlement payment by financial creditor Can
NCLT Closes Canara Bank Personal Guarantor Insolvency
NCLT Allahabad allows application to close Personal Insolvency Resolution Process against Rakhi Pandey.
Process concluded after a One Time Settlement was fully paid to financial creditor Canara Bank.
NCLT Closes Canara Bank-Pawan Pandey PIRP Case
NCLT Allahabad disposes of personal insolvency case against Pawan Pandey, guarantor of Green Space Block LLP.
Case closure follows full receipt of One Time Settlement payment by financial creditor Can
Canara Bank vs Mohender Aggarwal NCLT Order Reserved
NCLT reserves order on Canara Bank's insolvency petition against personal guarantor Mohender Aggarwal under Section 95(1) of IBC.
Hearing conducted in hybrid mode with representation from Canara Bank'
Canara Bank Insolvency Petition Against Sunita Aggarwal
Canara Bank filed an insolvency petition under Section 95(1) of IBC 2016 against personal guarantor Sunita Aggarwal.
The National Company Law Tribunal, New Delhi Bench, heard arguments from both parti