Tag
Canara Bank
28 articles
Canara Bank is navigating a complex legal landscape involving multiple insolvency proceedings and appeals. The National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) have adjourned hearings in several cases, including those related to Venus Bioscience, Triveni Infratech, and RattanIndia Enterprises, reflecting ongoing disputes over insolvency resolution processes and creditor rights. Additionally, the Calcutta High Court overturned a suit dismissal, potentially impacting personal guarantees to consortium banks, while NCLT Bengaluru continues to await Resolution Professional reports in several petitions against individuals and entities. These developments highlight the bank’s exposure to ongoing legal challenges within the Indian bankruptcy system, which could impact its asset quality and future financial performance.
NCLAT Lists Ravindra Mogra vs Canara Bank Appeal
NCLAT order schedules hearing for appeal in Comp. App. (AT) (Ins) No. 1100 of 2025 on July 7, 2026.
Ravindra Mogra is appellant against respondents Canara Bank & Anr. in an insolvency-related appeal.
Canara Bank Withdraws Writ, Court Dismisses
The court listed the petition for withdrawal of the writ filed by Canara Bank & Anr. against the State of West Bengal.
Petitioner's counsel received instruction from Canara Bank to withdraw, prompting
Canara Bank Writ Petition Withdrawn
Court listed petition for withdrawal of writ application filed by Canara Bank against the State of West Bengal.
Counsel, instructed by Canara Bank, withdrew the writ, resulting in dismissal of WPA 8/2
Canara Bank Appeal: Suit Dismissal Overturned
The Calcutta High Court set aside the Feb 19, 2026 order dismissing the appellants' title suit under Order VII Rule 11(d).
The Court held Section 96 IBC moratorium inapplicable because the insolvency
NCLT Adjourns Canara Bank vs Raghu Balasaria Hearing
NCLT Kolkata Bench adjourns Section 95(1) insolvency proceeding against personal guarantor Raghu Ragav Balasaria of Venus Bioscience.
Matter involves Canara Bank as financial creditor and has been lis
NCLT Adjourns Canara Bank vs Triveni Infratech Hearing
NCLT Kolkata Bench adjourns Section 7 IBC petition hearing filed by Canara Bank against Triveni Infratech Private Limited.
Matter listed for next hearing before Regular Bench on 7th July 2026 due to u
Girdharilal Sugar NCLT Admission Hearing Adjourned
NCLT Indore adjourns hearing for admission of insolvency application against Girdharilal Sugar & Allied Industries Ltd to July 29, 2026.
The Resolution Professional filed a report under Section 99 of
NCLT Bengaluru Defers Canara Bank Insolvency Hearing
NCLT Bengaluru Bench awaits Resolution Professional's report in Canara Bank's insolvency petition against Harish S.
Parties given 3 weeks to file objections to the RP report once received, with a furt
NCLT Bengaluru Adjourns Canara Bank Insolvency Petition
NCLT Bengaluru Bench adjourns Canara Bank's insolvency petition against Mr. Devendra N due to non-receipt of the Resolution Professional's report.
The Resolution Professional is directed to circulate
Canara Bank Insolvency Petition Adjourned for RP Report
NCLT Bengaluru adjourns Canara Bank's insolvency petition against Mr. N Nanjundaiah, awaiting the Resolution Professional's report.
Parties given 3 weeks to file objections to the RP report, followed
NCLT Bengaluru Adjourns Canara Bank Insolvency Petition
NCLT Bengaluru Bench adjourns hearing in Canara Bank's insolvency petition against Mr. Sree Ram Reddy M.N.
The Resolution Professional's report is awaited; parties given 3 weeks to file objections pos
NCLT Bengaluru Adjourns Canara Bank Insolvency Petition
NCLT Bengaluru Bench adjourns Canara Bank's insolvency petition against Praveena N, awaiting the Resolution Professional's report.
The RP is directed to share the report with counsel, who may file obj
NCLT Bengaluru Defers Canara Bank Insolvency Hearing
NCLT Bengaluru Bench awaits Resolution Professional's report in Canara Bank's insolvency petition against Vijaykumar R.
Parties granted 3 weeks to file objections to the RP report once received, with
NCLAT Adjourns Canara Bank Insolvency Appeal to July 30
NCLAT Principal Bench adjourns hearing for Comp. App. (AT) (Ins) No. 2174 of 2024 to July 30, 2026.
Appeal involves Canara Bank versus Jeetendra Rajpal Daryani, erstwhile RP of Texon Global Pvt. Ltd.
Canara Bank vs RattanIndia NCLAT Scheduling Order
NCLAT lists appeal filed by Canara Bank against RattanIndia Enterprises for hearing on July 9, 2026.
Appeal Comp. App. (AT) (Ins) No. 152 of 2026 is an insolvency-related matter.
Interlocutory Applica
NCLAT Lists BBT Elevated Road Insolvency Appeals
NCLAT lists two interconnected insolvency appeals involving BBT Elevated Road Private Limited for hearing on July 17, 2026.
Appeals involve the Committee of Creditors (led by Canara Bank) and the comp
Supreme Housing Director Appeals NCLAT Insolvency Order
Bhawanishankar Sharma appeals against Canara Bank's insolvency proceedings for Supreme Housing and Hospitality Pvt Ltd.
NCLAT lists the case for hearing on 06th July 2026 and permits appellant to file
NCLT Adjourns Prayag Polytech Insolvency Hearing
NCLT Jaipur Bench adjourned the Prayag Polytech insolvency hearing to July 20, 2026.
Suspended directors agreed to meet the Resolution Professional with their auditor on July 16.
The RP reported infor
NCLT Chennai Adjourns Canara Bank Insolvency Hearing
NCLT Chennai adjourned hearing in V A Jayachandran vs Canara Bank insolvency petition to 9 July 2026.
Canara Bank counsel submitted that e-auction notice has been issued for 14 July 2026.
Registry dir
NCLT Adjourns Canara Bank Sale Completion Hearing
NCLT Chennai adjourns hearing to 23 July 2026 regarding Canara Bank's completed asset sale.
Canara Bank counsel confirms sale completion, issuance of sale certificate to successful purchaser.
Tribunal
NCLT Admits Canara Bank Personal Guarantor Progress Report
NCLT Chennai disposes of an application filed to record a progress report in a personal guarantor insolvency case.
The resolution professional's report covers the period from 23 April 2026 to 22 May 2
NCLAT Lists Canara Bank Insolvency Appeal
NCLAT Chennai schedules Canara Bank's appeal against a liquidator for admission hearing on July 27, 2026.
The appeal challenges an order related to the liquidation of Lakeview Ayurvedic Resorts and Re
Canara Bank Q1 Provisional Business Growth Figures
Canara Bank reports provisional Q1 FY2027 business figures showing global deposits at ₹29.05 lakh crore and advances at ₹12.93 lakh crore.
Domestic RAM segment shows strongest growth at 21.27% YoY, re
Canara Bank Promotes Sujit Kumar Sahoo to CGM
Canara Bank promotes Sujit Kumar Sahoo to Chief General Manager of Compliance & RBS Wing effective July 1, 2026.
The disclosure is made pursuant to SEBI Listing Regulations (Regulation 30) to inform s
Zaggle Empanelled by Canara Bank for Two Years
Zaggle Prepaid Ocean Services Limited empanelled by Canara Bank as a Fintech partner via Expression of Interest.
Empanelment effective from June 30, 2026, valid for two years subject to annual perform
Canara Bank 24th AGM Approves Dividend, Director Appointments
Canara Bank held its 24th AGM via VC/OAVM on 23.06.2026 with 84 shareholders present.
Shareholders approved four ordinary resolutions including a Rs 4.2 per share dividend for FY 2025-26.
Appointments
Canara Bank 24th AGM Approves Dividend, Director Appointments
Canara Bank held its 24th Annual General Meeting via video conference on June 23, 2026, to approve financial statements and resolutions.
Shareholders approved a dividend of ₹4.20 per share (210% of fa
Canara Bank Revises MCLR Rates Effective 12.06.2026
Canara Bank informs exchanges of a revision to its Marginal Cost of Funds Based Lending Rate (MCLR) effective from June 12, 2026.
The overnight MCLR increases to 7.90% from 7.95%, while the one-month