Limitation Act Applies Only To Courts, Not Tribunals Unless Statute Permits: Supreme Court

The Supreme Court held that tribunals and quasi-judicial bodies cannot condone delay unless the governing statute expressly grants such power.

The Court ruled that the Company Law Board lacked authority to condone a 249-day delay, as the Limitation Act applies only to courts, not tribunals by default.

It clarified that Section 433 of the Companies Act, 2013 cannot be applied retrospectively to CLB proceedings, and limitation provisions under company law are mandatory, not directory.

[The Property Company v. Rohinton Daddy Mazda]