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M/S North Eastern Chemicals Industries ... vs M/S Ashok Paper Mill ( Assam) Ltd on 19 July, 2023

In SEBI v. Bhavesh Pabari, (2019) 5 SCC 90, which was referred to and followed in North Eastern Chemicals Industries (P) Ltd (supra), it was held:- "35. ......There are judgments which hold that when the period of limitation is not prescribed, such power must be exercised within a reasonable time. What would be reasonable time, would depend upon the facts and circumstances of the case, nature of the default/statute, prejudice caused, whether the third- party rights had been created, etc."
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