Section 17 Of Limitation Act Inapplicable Where Limitation Is Prescribed For Appeal: NCLAT Delhi
1 year, 11 months ago

Section 17 Of Limitation Act Inapplicable Where Limitation Is Prescribed For Appeal: NCLAT Delhi

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The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan and Mr. Barun Mitra, while adjudicating an appeal filed in Maharashtra State Electricity Distribution Company Ltd. v NRC Ltd. & Anr., has held that Section 17 of Limitation Act, 1963 deals with period of limitation in the case of any suit or application. Effect of fraud or mistake.— Where, in the case of any suit or application for which a period of limitation is prescribed by this Act,— the suit or application is based upon the fraud of the defendant or respondent or his agent; or the knowledge of the right or title on which a suit or application is founded is concealed by the fraud of any such person as aforesaid; or the suit or application is for relief from the consequences of a mistake; or ….xxx” NCLAT Verdict The Bench observed that the limitation for filing an Appeal is 30 days under Section 61 of IBC and only 15 days of delay could be condoned under Section 61 proviso of IBC. “The submission of Learned Counsel for the Appellant that he came to know to file an Appeal only on 29.06.2022 when Writ Petition was filed by the Successful Resolution Applicant seeking direction against the Appellant is the reason which cannot clothe jurisdiction to this tribunal to condone the delay beyond 15 days.” Section 17 of Limitation Act, 1963 deals with the period of limitation in the case of any suit or application. The Bench held that Section 17 of Limitation Act was inapplicable to the case and thus the delay of 244 days cannot be condoned.

History of this topic

Order 23 Rule 2 CPC| Limitation For Suit Instituted Afresh Applies As If Earlier Suit Was Never Filed: Jharkhand High Court
2 days, 12 hours ago
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11 months, 2 weeks ago
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2 years ago
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2 years, 1 month ago
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2 years, 4 months ago
Limitation For Filing An Appeal Under IBC
2 years, 4 months ago
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2 years, 4 months ago
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2 years, 5 months ago
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2 years, 6 months ago
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2 years, 7 months ago
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2 years, 9 months ago
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2 years, 10 months ago
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2 years, 10 months ago
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2 years, 11 months ago
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3 years ago
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3 years, 2 months ago
Limitation Period For Appeal Under Section 61 IBC Starts Running From Date Of Pronouncement; Delay In Uploading Won't Exclude Limitation : Supreme Court
3 years, 2 months ago
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3 years, 9 months ago
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