# In the matter of M Suresh Kumar Reddy Vs Canara Bank

> SC judgment dated 2022-10-21. Citation: TCN-2022-SC-00009. The case involves a civil appeal before the Supreme Court of India. The appellant sought exemption…

- **Court:** SC
- **Order date:** 21 Oct 2022
- **Citation:** TCN-2022-SC-00009
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/m-suresh-kumar-reddy-vs-canara-bank-5af330fa

## Summary

### Background

The case involves a civil appeal before the Supreme Court of India. The appellant sought exemption from filing a certified copy of the impugned judgment and a stay on the judgment. The appeal was called for hearing on 21-10-2022.

## Facts

M. Suresh Kumar Reddy filed a civil appeal against Canara Bank & Ors. The appellant sought exemption from filing a certified copy of the impugned judgment and a stay on the judgment. The appellant's counsel submitted that the appellant had sent a proposal for settlement under the One Time Settlement Scheme and had paid Rs. 6,00,00,000/- (Rupees six crores) to the respondent-Bank on 15th October, 2022. This payment and settlement proposal are key facts influencing the court's decision to grant an interim stay.

## Issues and analysis

### Issue 1: Whether the application for exemption from filing a certified copy of the impugned judgment should …

**Ratio:** The court has the discretion to allow exemptions from procedural requirements based on

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**Reasoning:** The court considered the submissions made by the appellant's counsel and found sufficient

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**Interpretation:** This reflects a pragmatic approach, allowing the court to streamline

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**Application:** The court allowed the application, indicating that the appellant was not

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## Parties

- **Judges:** S. ABDUL…; ABHAY S…
- **Appellants:** M. Suresh Kumar…
- **Respondents:** Canara Bank…

## Timeline

- **2022-10-15 — Payment to Respondent-Ba…**: The appellant paid Rs. 6,00,00,000/-…
- **2022-10-21 — Appeal He…**: The appeal was called on for…

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