NATIONAL BANK OF LAHORE LTD. vs SOHANLAL SEHGAL AND OTHERS

The Supreme Court held that the claims made by the respondents against the bank were governed by Article 115 of the Limitation Act, 1908, rather than Article 36, as the allegations involved a breach of contract rather than an independent tort. The Court clarified that even if the manager's theft was a fraudulent act, it was committed in the course of his employment and thus constituted a breach of the bank's contractual obligations. The appeals were dismissed, affirming the lower courts' findings that the suits were not barred by limitation.