Real judgements, distilled

Legal Case Shots

Court judgements broken down into the case type, how the decision played out, and the lesson worth remembering, with the full judgement available as a PDF.

Frequently asked questions

Is this suitable for use in legal research and court filings?+

Legal Case Shots is built to help you quickly identify and understand relevant precedent. For citation in pleadings or filings, always verify against the full judgment PDF and current citation format (e.g., 2026 INSC ___).

How is a "lesson learnt" different from the judgment's holding?+

The holding is what the court legally decided. The lesson learnt translates that into a practical takeaway: what a lawyer should factor into case strategy or client advice as a result of this precedent.

Is the full judgment available, or just a summary?+

Both. Each case shows a distilled summary (case type, key holding, and lesson learnt) and links to the full judgment as a PDF for when you need the complete text for research or citation.

Can I filter judgments by date or case type?+

Yes. Use Advanced Filters to narrow results by decision date and by practice area, including Constitutional Law, Criminal Law, Service & Administrative Law, Family Law, Civil Property & Inheritance, and Labour & Industrial Law.

Can I search judgments by a specific judge?+

Yes. You can filter judgments by the judge or bench that decided the case, which is useful for tracking how a particular judge has reasoned on similar issues across multiple rulings.

What is Legal Case Shots?+

Legal Case Shots is a searchable database of Supreme Court of India judgments, each broken down into the case type, the court's key holding, and a practical lesson learnt, with the full judgment available as a PDF for citation or deeper reading.

Company & Insolvency LawSupreme Court of India

M. Suresh Kumar Reddy vs. Canara Bank & Ors.

Civil Appeal · 2023 INSC 521Decided 11 May 2023
Civil Appeal No. 7121 of 2022
Abhay S. Oka · Rajesh Bindal

Background

Syndicate Bank (later merged into Canara Bank) had sanctioned an overdraft facility and bank guarantee limits to a corporate debtor, M/s Kranthi Edifice Pvt. Ltd. When the debtor defaulted, the Bank moved the NCLT under Section 7 of the IBC, which admitted the insolvency application and imposed a moratorium; the NCLAT upheld this. The suspended director of the corporate debtor appealed to the Supreme Court, arguing the default was actually caused by the Bank's refusal to extend certain bank guarantees despite requests from the Telangana Government.

Decision Breakdown

The Supreme Court held that once a financial debt and default are established, the NCLT is bound to admit a Section 7 application unless there are genuinely good reasons not to, clarifying that its earlier ruling in Vidarbha Industries was confined to its own peculiar facts and does not dilute the settled position from Innoventive Industries and E.S. Krishnamurthy. On facts, the Court found the debtor's liability included a separate secured overdraft facility (not just bank guarantees), the debtor had itself acknowledged the debt, and the Bank had formally rejected the debtor's request to extend the guarantees, so no good reason existed to deny admission. The appeal was dismissed with no order as to costs.

Lesson Learnt

A borrower cannot avoid insolvency proceedings by blaming a lender for not renewing facilities when the borrower has independently acknowledged the debt and other admitted defaults exist; once debt and default are proven, NCLT has very limited discretion to refuse admission under Section 7 of the IBC.

M. Suresh Kumar Reddy vs. Canara Bank & Ors. – Legal Case Shots | LegalAware