M/S. Econ Antri Ltd vs M/S. Rom Industries Ltd. & Anr

The Supreme Court referred the case to a larger bench to reconsider the judgment in Saketh India Ltd. v. India Securities Ltd. regarding the interpretation of Section 138 and Section 142(b) of the Negotiable Instruments Act, 1881. The court identified a variance in the interpretation of the time limit for filing a complaint under Section 138, specifically whether the date of cause of action should be excluded when calculating the one-month period under Section 142(b). The outcome of this referral will clarify the legal position on the time limits prescribed in the NI Act.