ADITYA KHAITAN vs IL AND FS FINANCIAL SERVICES LIMITED

The Supreme Court examined whether the High Court erred in dismissing applications to take on record written statements filed beyond the limitation period, considering the extension of limitation granted by the Court in a suo motu order. The High Court held that the limitation period expired before the extension, and orders under Article 142 only extended limitation, not the period for condonation of delay. The Supreme Court upheld the High Court's decision, emphasizing that extension of limitation does not automatically extend the period for filing pleadings beyond the original deadline. The Court reaffirmed the importance of strict adherence to limitation periods for filing written statements.