“Whether for calculating the period of one month which is prescribed under Section 142(b), the period has to be reckoned by excluding the date on which the cause of action arose?” (There is a variance between the view expressed by this Court on the above question in Saketh and in SIL Import, USA v. Exim Aides Silk Exporters, Bangalore[2].) Having considered the question of law involved in this case in proper perspective, in light of relevant judgments, we are of the opinion that Saketh lays down the correct proposition of law. We hold that for the purpose of calculating the period of one month, which is prescribed under Section 142(b) of the N.I. Act, the period has to be reckoned by excluding the date on which the cause of action arose. We hold that SIL Import USA does not lay down the correct law. Needless to say that any decision of this Court which takes a view contrary to the view taken in Saketh by this Court, which is confirmed by us, do not lay down the correct law on the question involved in this reference. The reference is answered accordingly.-2015 S.C.(2013) MSKLAWREPORTS
As the Limitation Act is held to be not applicable to N.I. Act,
drawing parallel from Tarun Prasad Chatterjee where the Limitation Act was
held not applicable, we are of the opinion that with the aid of Section 9
of the General Clauses Act, 1897 it can be safely concluded in the present
case that while calculating the period of one month which is prescribed
under Section 142(b) of the N.I. Act, the period has to be reckoned by
excluding the date on which the cause of action arose.
it is not possible to hold that the word ‘of’
occurring in Section 138(c) and 142(b) of the N.I. Act is to be interpreted
differently as against the word ‘from’ occurring in Section 138(a) of the
N.I. Act; and that for the purposes of Section 142(b), which prescribes
that the complaint is to be filed within 30 days of the date on which the
cause of action arises, the starting day on which the cause of action
arises should be included for computing the period of 30 days. As held in
Ex parte Fallon[27] the words ‘of’, ‘from’ and ‘after’ may, in a given
case, mean really the same thing. As stated in Stroud’s Judicial
Dictionary, Vol. 3 1953 Edition, Note (5), the word ‘of’ is sometimes
equivalent of ‘after’.
We have noted that in this
case reliance is not merely placed on Section 12(1) of the Limitation Act.
Reliance is also placed on Section 9 of the General Clauses Act. However,
since, in the instant case we have reached a conclusion on the basis of
Section 9 of the General Clauses Act, 1897 and on the basis of a long line
of English decisions that where a particular time is given, from a certain
date, within which an act is to be done, the day of the date is to be
excluded,
we are of the opinion that
Saketh lays down the correct proposition of law. We hold that for the
purpose of calculating the period of one month, which is prescribed under
Section 142(b) of the N.I. Act, the period has to be reckoned by excluding
the date on which the cause of action arose. We hold that SIL Import USA
does not lay down the correct law. Needless to say that any decision of
this Court which takes a view contrary to the view taken in Saketh by this
Court, which is confirmed by us, do not lay down the correct law on the
question involved in this reference. The reference is answered
accordingly. -2015 S.C.(2013) MSKLAWREPORTS