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august 2013

Supreme Court of India · 2013-08-26

M/S. ECON ANTRI LTD. vs M/S. ROM INDUSTRIES LTD.

Citation / case number
SC 2004/26005
Court
Supreme Court of India
Petitioner
M/S. ECON ANTRI LTD.
Respondent
M/S. ROM INDUSTRIES LTD.
Author
RANJANA PRAKASH DESAI
Bench
P SATHASIVAM,RANJANA PRAKASH DESAI,RANJAN GOGOI

Judgment text excerpt

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. The outcome of this appeal will depend on the re-examination of these statutory provisions and their application in light of previous judgments.

M/S. ECON ANTRI LTD. vs M/S. ROM INDUSTRIES LTD. · Niyam