120-day Limitation Period for filing Written Statement in Commercial Suits Mandatory, Supreme Court [Read Judgment]February 19 2019
The Supreme Court recently clarified that under the prevailing law, the 120-day time limit for filing the written statement in commercial suits is mandatory, leaving no room for courts to exercise their discretion to relax the same.
The judgment to this effect was rendered last week by the Bench of Justices Rohinton Nariman and Vineet Saran. In the case at hand, the suit for recovery of money exceeding Rs. 6 crores had originally been filed in March 2017. Summons in . . .
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