M/S. SUNDARAM FINACNE LTD. vs NOORJAHAN BEEVI

The Supreme Court upheld the dismissal of the plaintiff's suit for recovery of Rs.40,138/- on the grounds of limitation, citing Article 55 and Article 113 of the Limitation Act, 1963. The Court affirmed that the suit was filed beyond the three-year limitation period, as the default in payment occurred on 20th May, 1984, and the suit was initiated on 25th May, 1988. The Court held that the trial court and the High Court correctly interpreted the limitation provisions, leading to the dismissal of the appeal.