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Issues: Whether the Debts Recovery Tribunal has power to condone delay under Section 5 of the Limitation Act, 1963 in proceedings under Section 19 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993.
Analysis: Section 24 of the 1993 Act makes the Limitation Act applicable to applications before the Tribunal as far as may be. Section 29(2) of the Limitation Act applies Sections 4 to 24 to special law proceedings unless expressly excluded. The legal position that the Limitation Act is procedural and that exclusion of its provisions may also arise by necessary implication was applied. On that basis, the Tribunal could not reject the delay application on the assumption that it lacked jurisdiction merely because the application was filed beyond the prescribed period.
Conclusion: The Tribunal has power to condone delay under Section 5 of the Limitation Act, 1963 in proceedings under Section 19 of the 1993 Act, and the contrary view was held unsustainable.