The National Company Law Tribunal (NCLT) has approved the Corporate Insolvency Resolution Process (CIRP) application filed by Canara Bank, citing the default of a debt payment exceeding Rs 1 crore.

The National Company Law Tribunal (NCLT) has approved the Corporate Insolvency Resolution Process (CIRP) application filed by Canara Bank, citing the default of a debt payment exceeding Rs 1 crore.

The National Company Law Tribunal (NCLT) Cuttack Bench admitted an application filed by Canara Bank against S.S. Aluminium Private Limited for defaulting on a debt of over Rs. 15.88 crores. The application was filed under Section 7 of the Insolvency and Bankruptcy...