Tag
Canara Bank
10 articles
Canara Bank is actively pursuing insolvency proceedings against multiple borrowers and guarantors, reflecting ongoing efforts to recover distressed assets. The National Company Law Tribunal (NCLT) has repeatedly adjourned hearings in several of these cases, including those involving Jai Narain Aggarwal, Varun Aggarwal, and Tarun Kukreja, with next hearings scheduled throughout June and July 2026. Additionally, the bank's appeal against Resolution Professionals has been adjourned pending a Supreme Court order, and the Supreme Court is reviewing a petition related to a prior High Court judgment. These actions, alongside the NCLT's admission of Canara Bank's petition against Supreme Housing, highlight the bank’s assertive approach to debt recovery, which could impact its asset quality and profitability in the near term.
Canara Bank vs Kamal Radhu NCLT Hearing Adjourned
NCLT adjourned Canara Bank's insolvency petition against Kamal Radhu due to power failure.
The matter has been rescheduled for hearing on 10 June 2026.
The case was filed under Section 95(1) of the In
Canara Bank Appeal Order: Docs Missing
Supreme Court heard petition by Canara Bank & others seeking special leave to appeal against High Court judgment dated 17‑11‑2025.
Respondent Avipsit Rath submitted documents not on record; Court dire
NCLAT Lists Pankaj Vaidya vs Canara Bank Appeal
NCLAT lists insolvency appeal between Pankaj Vaidya and Canara Bank for hearing on May 19, 2026.
Tribunal directs both parties to submit written submissions and legal authorities before next hearing.
Canara Bank vs Jai Narain Aggarwal NCLT Adjournment
NCLT New Delhi Bench adjourns hearing in Canara Bank's insolvency application against Jai Narain Aggarwal.
Matter listed for next hearing on July 2, 2026, due to time constraints.
Application filed un
Canara Bank vs Varun Aggarwal Adjournment Order
• NCLT New Delhi adjourns Canara Bank's insolvency application against Varun Aggarwal to July 2026.
• Case filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016.
• Matter heard in hybr
CMI Limited Appoints Auditor Under Insolvency Process
CMI Limited's board is under suspension as NCLT admitted Canara Bank's insolvency application under Section 7 of IBC.
The Resolution Professional appointed Kumar Pramod & Associates as statutory audit
Supreme Housing Director Appeals Canara Bank NCLAT Order
NCLAT lists appeal filed by suspended director of Supreme Housing against Canara Bank for hearing.
Appellant Bhawanishankar Sharma challenges an order related to the corporate insolvency resolution pr
Canara Bank Files IBC Petition Against Personal Guarantor
Canara Bank filed an insolvency application under Section 95(1) of IBC 2016 against personal guarantor Vineet Singh Gehlot.
The matter involves connected petitions against another personal guarantor a
Canara Bank Initiates Gaurav Aggarwal Insolvency Proceeding
Canara Bank filed an insolvency petition against personal guarantor Gaurav Aggarwal under Section 95(1) of IBC 2016.
The National Company Law Tribunal, New Delhi bench, heard arguments in case IB-798(
Canara Bank vs Tarun Kukreja NCLT Case Adjourned
NCLT adjourns Canara Bank's insolvency application against Tarun Kukreja to June 10, 2026.
The hearing was conducted in a hybrid mode (physical and video conference) due to time constraints.
The appli