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Sesh Nath Singh & Anr vs Baidyabati Sheoraphuli Co-Operative ... on 22 November, 2019

20. This Court finds it relevant to take note of the judgment of the Supreme Court in the case of Sesh Nath Singh & Anr. Vs. Baidyabati Sheoraphuli Co-Operative Bank Ltd And Anr. reported in (2021) 7 SCC 313, wherein the Supreme Court observed that Section 5 of the Limitation Act 1963 does not speak of any application. It was observed that Section 5 of the Limitation Act 1963 enables the Court to admit an application or an appeal if the applicant or the appellant as the case may be, satisfies the Court that he has sufficient cause for not making the application and or preferring the appeal within the time prescribed. It was further observed that although it is a genuine practice to make a formal application under Section 5 of the Limitation Act 1963, in order to enable the Court or the Tribunal to weigh the sufficiency of the cause for the inability of the appellant/applicant to approach the Court or the Tribunal within the time prescribed by limitation, there is no bar to be exercised by the Court/Tribunal of its discretion to condone the delay in absence of a formal application. Paragraphs 61 and 62 of the said judgment being relevant is reproduced hereinunder:
National Company Law Appellate Tribunal Cites 9 - Cited by 75 - Full Document
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