Justice Hima Kohli issued notice to the CBI and sought its response by November 13 on Masood's appeal.
Masood's counsel H R Khan Suhail also sought suspension of his client's jail term on medical grounds.
He said 67-year-old Masood is acute diabetic and is taking insulin several times a day besides other medicines for his ailments.
He also submitted that the trial was going on against Masood for past 17 years and he is in custody since October 1 when he was sentenced to four years jail by the trial court.
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Masood was held guilty by the trial court of fraudulently nominating undeserving candidates to MBBS seats allotted to Tripura in medical colleges across the country from the central pool as Health Minister in the National Front government of 1990. The court had also imposed a fine of Rs 60,000 on him.
Masood is the first MP to lose his seat after the July 10 Supreme Court judgement which had removed the immunity for convicted lawmakers.
Masood was held guilty of offences under the Prevention of Corruption Act and IPC Sections 120B(criminal conspiracy), 420 (cheating) and 468 (forgery). He, however, was acquitted of the charge under Section 471 IPC (using as genuine a forged document).