Court clarifies computation of limitation

0
740

Is the date on which a cause of action arose excluded when calculating the period of one month prescribed under section 142(b) of the Negotiable Instruments Act, 1881? Ruling on a reference in Econ Antri Ltd v Rom Industries Ltd & Anr, a three-judge bench of the Supreme Court held that “where a particular time is given from a certain date within which an act has to be done, the day of the date is to be excluded”.

You must be a subscriber to read this article, or you can register for free to enjoy the current issue.

该部分内容仅提供予《商法》订阅会员。你可以订阅去解锁所有内容。你也可以免费注册去浏览最新一期的内容。

The update of court judgments is compiled by Bhasin & Co, Advocates, a corporate law firm based in New Delhi. The authors can be contacted at [email protected] or [email protected] Readers should not act on the basis of this information without seeking professional legal advice.