SRI VEERA HANUMAN RICE & FLOUR MILL &ANR vs STATE BANK OF INDIA,RAMACHANDRAPURAM A.P

The Supreme Court addressed the issue of condonation of delay under Section 5 of the Limitation Act, 1963, in the context of a bank's application for a final decree after a preliminary decree was obtained. The Court held that the High Court's decision to condone the delay was justified, as it found sufficient cause for the delay, emphasizing that the law of limitation must be applied with rigor but can allow for equitable considerations. The appeal by the judgment-debtors was dismissed, affirming the High Court's order.