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2023 Supreme(Online)(SC) 19757

K.V. Viswanathan, J.K. Maheshwari, JJ
Aditya Khaitan & Ors. – Appellant
Versus
IL and FS Financial Services Limited – Respondent


Advocates:
For the Appellants/Petitioners: Mr. Sanjoy Ghose
For the Respondents: Mr. Sahil Tagotra

Table of Content
1. facts outlining the timeline and context of the case regarding written statements. (Para 2 , 3)
2. arguments regarding the applicability of extended limitation periods. (Para 4 , 5 , 7)
3. court's observations on the necessity of flexibility in limitation periods during extraordinary circumstances. (Para 8 , 9 , 10)

JUDGEMENT

K.V. Viswanathan, J.

1. Leave granted.

2. The present appeals challenge the judgment of the High Court at Calcutta dated 26.02.2021 passed in General Application Nos. 3,4,5,6,7,8,9 and 10 of 2021 in Civil Suit No. 177 of 2019. By the said judgment, the High Court had dismissed the said applications and consequently denied the Digitally signed by Nidhi Ahuja Date: 2023.10.31 17:09:21 IST Reason:

    Signature Not Verified applicants/defendants prayer to take on record their written statements. According to the High Court, the applications cannot be allowed as the period of 30 days to file the written statements had expired on 08.03.2020. The High Court has held that the order dated 23.03.2020 passed by this Court in Suo Motu Writ Petition (C) No. 3 of 2020 [In Re: Cognizance for Extension of Limitation], which is to be effective from 15.03.2









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