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NATIONAL COMPANY LAW TRIBUNAL
Umesh Kumar Shukla, Technical Member, Kishore Vemulapalli, Judicial Member
Canara Bank – Appellant
Versus
Thota Kanna Rao – Respondent
| Table of Content |
|---|
| 1. jurisdiction under ibc section 60(2) (Para 1 , 2) |
| 2. corporate debtor loan default facts (Para 3) |
| 3. procedural history and notices (Para 4) |
| 4. rp confirms limitation compliance (Para 5) |
| 5. substituted service on guarantor (Para 6 , 7 , 8) |
| 6. additional documents on record (Para 9 , 10 , 11) |
| 7. notice service via last known address (Para 12 , 13) |
| 8. petition within limitation period (Para 14) |
| 9. guarantor's unconditional liability (Para 15) |
| 10. demand notice duly served (Para 16) |
| 11. rp recommendation; petition admitted (Para 17 , 18) |
| 12. pirp initiation and directions (Para 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26) |
IN THE NATIONAL COMPANY LAW TRIBUNAL AMARAVATI BENCH (Through Hybrid Mode)
Item No.2 IA (IBC)/421/2025 in CP (IB)/4/95/AMR/2025 IN THE MATTER OF:
Canara Bank … Petitioner/Creditor Versus Mr. Thota Kanna Rao, PG of M/s Sri Krishna Stockist & Traders Pvt Ltd … Respondents Under Section: 95, 60(5) of IBC, 2016 Rule: 11 of NCLT Rules, 2016 Order delivered on 09.01.2026 CORAM:
SHRI UMESH KUMAR SHUKLA SHRI KISHORE VEMULAPALLI HON’BLE MEMBER (TECHNICAL) HON’BLE MEMBER (JUDICIAL)
PRESENT:
For Financial Creditor : Mr. Dishit Bhattacharjee, Adv.
For Personal Guarantor :
For Resoluti
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