Mere Omission of Date Doesn’t Invalidate Bankers Book Evidence Act Certificate: NCLT Chandigarh

Canara Bank Vs Laggar Industries Limited (NCLT Chandigarh) The case between Canara Bank and Laggar Industries Limited (NCLT Chandigarh) revolves around Canara Bank’s application for initiating the Corporate Insolvency Resolution Process (CIRP) against Laggar Industries Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). Canara Bank claimed that Laggar Industries Limited defaulted on a debt amounting to Rs. 23.50 Crore, consisting of various facilities like open cash credit limit, bank guarantee, and overdraft facility against bill discounting. The default was alleg...