07 Oct 2025 | 3 Mins Read
Canara Bank recovers 90% in Karanja Terminal deal
Flipitmoney
Canara Bank is set to recover about 90% of ₹600 crore owed by Karanja Terminal & Logistics. A Swiss challenge process attracted a binding offer of ₹520 crore from Prudent Asset Reconstruction Company (ARC), beating the borrower's one-time settlement offer of ₹475 crore. The sale has been challenged in high court, awaiting a verdict.