Arbitration and Conciliation Act, 1996, Section 11(6), 46(1), Limitation Act, 1963, Article 55 -- Application u/s 11(6) of the Act - Limitation - Notices invoking arbitration were issued 11 years after the cause of action arose in 2011 - This is well beyond the limitation period of three years and the claim sought to be raised is hopelessly barred by limitation -..........
Arbitration and Conciliation Act, 1996, Section 11(6), 46(1), Limitation Act, 1963, Article 55 -- Application u/s 11(6) of the Act - Limitation - Initiation of proceedings u/s 138 of the N.I Act are separate and independent proceedings from arbitration proceedings that arise from two separate causes of action - Therefore, institution of proceedings u/s 138 of N.I. Act does..........
