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Limitation Act Applicable to SARFAESI Proceedings; DRT Can Consider Delay Beyond 45 Days: MP High Court

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By Mariya Paliwala
Limitation Act Applicable to SARFAESI Proceedings; DRT Can Consider Delay Beyond 45 Days: MP High Court

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The Madhya Pradesh High Court (Indore Bench) has held that the Limitation Act, 1963 applies to proceedings under Section 17 of the SARFAESI Act, thereby allowing the Debt Recovery Tribunal (DRT) to consider applications filed beyond the statutory period of 45 days. A Division Bench of Justice Vivek Rusia and Justice Binod Kumar Dwivedi has…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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