Topic
Canara Bank is a public sector bank headquartered in Bengaluru.
11 storiesLatest 24 Oct 2026, 19:49 ISTOfficial website
Courts/
The Kerala High Court held that when a debtor pleads having no means to pay, Canara Bank must show more than its manager's statement before an arrest warrant can be issued.
Courts
The Madhya Pradesh High Court directed Canara Bank to unfreeze a business's current account, holding that only the disputed amount should be kept in a fixed deposit.
Courts
Supreme Court in Pro Knits v Canara Bank (2024 INSC 565) made the 2015 MSME revival framework binding before NPA classification, but only for borrowers who prove MSME status in time.
Courts
The Bombay High Court on 12 October 2026 directed a Raigad Tahsildar to personally take possession of a mortgaged factory for Canara Bank, holding that a 2023 SARFAESI order had gone unexecuted.
Enforcement
A special CBI court in Shimla has sentenced 11 accused, including two former Canara Bank officials and Colour Camp Industries, to four years' rigorous imprisonment in a bank fraud case.
Enforcement
Seven years after the CBI first filed, the Enforcement Directorate's 2019 plea to declare Jatin Mehta a fugitive economic offender is still pending in a Mumbai court; he is not convicted.
Courts
Vidarbha (2022) held 'may' in IBC Section 7(5)(a) lets the NCLT refuse admission even when debt and default are proven; Suresh Kumar Reddy (2023) confined that discretion to exceptional cases.
Courts
On 11 May 2023 the Supreme Court in M. Suresh Kumar Reddy v Canara Bank confined Vidarbha and held the NCLT has hardly any discretion to refuse a Section 7 IBC admission once a Rs 1 crore default is proven.
Courts
The Supreme Court held that 'may' in Section 7(5)(a) IBC is discretionary, so the NCLT can decline to admit a financial creditor's insolvency petition even when a Rs 1 crore default is admitted.
Courts
Section 7(5)(a) of the IBC 2016 says the NCLT "may admit" a bank's insolvency petition. Vidarbha Industries (2022) made that word matter, and M. Suresh Kumar Reddy (2023) reined it back in.
Courts
Section 17 RDDB Act 1993 gives DRTs exclusive jurisdiction over bank recovery claims of Rs 20 lakh or more. Here is when civil courts still apply, and how to choose.
