The Supreme Court extended the maximum time limit to initiate arbitration or proceedings in case of dishonoured cheques as the lockdown to contain Covid-19 has delayed judicial proceedings.
The Supreme Court bench headed by Chief Justice SA Bobde extended the limitation period for all cases under the Arbitration and Conciliation Act and the Negotiable Instruments Act with effect from March 15, according to an order.
The apex court said the duration after March 15 and till 15 days after lifting of lockdown in respective jurisdictions will be excluded from the period of limitation.
The order was passed in a suo motu hearing taken up by the top court. The other judges on the bench included Justice L Nageswara Rao and Justice Surya Kant.
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