The appellant calls in ques1ion legality of the judgment rendered by a Division Bench of the Calcutta High Court holding that the plaint filed by the appellant was to be rejected in terms of Order 7 Rule 11 (d) of the Code of Civil Procedure, 1908 (in short "CPC") as the suit was barred by limitation. The order passed by learned Single Judge holding that said provision was not applicable to the facts of the case was set aside.

Factual position in a nutshell is as follows:

The appellant and the respondent entered into an agreement on 19.1.1983 whereby the appellant agreed to build and develop the property owned by the respondent Association. A detailed agreement was accordingly executed on 19.1.1983 which, inter alia, provided for regulating relationship between the parties. Para 13 of the agreement stipulated that after construction of the entire building and issuance of final completion certificate by two Chartered Engineers, the appellant shall by a notice to the respondent Association call upon it to execute a registered lease deed in its favour or in favour of its nominee whereby a lease of the 2nd floor, 3rd floor, 4th floor, 5th floor and the roof (collectively de