Hardesh Ores Pvt. Ltd vs M/S. Hede And Company

The Supreme Court upheld the High Court's decision affirming the dismissal of suits filed by Sociedade de Fomento Industrial Pvt. Ltd. and Hardesh Ores Pvt. Ltd. under Order VII Rule 11 of the Code of Civil Procedure, ruling that the suits were barred by limitation. The Court clarified that the agreements in question, executed on 23.10.1996, had a clear five-year term with renewal options, and the appellants failed to initiate their claims within the prescribed limitation period. Consequently, the appeals were dismissed, reinforcing the principle that timely filing is essential for maintaining a suit.