Canara Bank Settlement Approved by Supreme Court

Authority: Supreme Court of India

Order Date: 22-08-2026

Case Overview

• Civil Appeal Nos. 3372/2019 and 3373/2019 (XII‑B) were filed by the estate of the late Sri Srinivasa Desai (by LRS) and by Sri N.R. Gururaja against M/s Canara Bank.
• The parties reached a settlement and executed a settlement agreement, which was made conditional upon approval by the Competent Authority of Canara Bank.
• Ms. P. Malini, General Manager, Legal, Head Office, Bengaluru, appeared before the Court and stated that the required approval would be granted in accordance with the specific instructions in her possession.
• The Court noted the submission and recorded that the settlement is approved subject to the bank’s internal authorization.

Final Outcome

• The Supreme Court disposed of the petitions, confirming the settlement subject to the bank’s approval.
• The Court directed that any court fee paid, if applicable, be refunded as per the applicable Rules.

Topics: Bank Settlement, Supreme Court Decision