Case Law Details
In re Cognizance for Extension of Limitation (Supreme Court)
With reference to the prayer, that the period of validity of a cheque be extended, we find that the said period has not been prescribed by any Statute but it is a period prescribed by the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949. We do not consider it appropriate to interfere with the period prescribed by the Reserve Bank of India, particularly, since the entire banking system functions on the basis of the period so prescribed.
FULL TEXT OF THE SUPREME COURT JUDGEMENT
Parties have prayed to this Court for extending the time where limitation is to expire during the period when there is a lockdown in view of COVID-19 or the time to perform a particular act is to expire during the lockdown.
I.A. No. 49221/2020 -Section 29A of the Arbitration and Conciliation Act, 1996
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Dear sir
Is there any subsequent judgment or observation either by Supreme Court or by some High Court that this enabling judgment will also be applicable after the pandemic situation is over.