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<h1>Limitation principles: delay in filing SLP without satisfactory explanation resulted in dismissal despite issues on proceedings against non residents.</h1> The text addresses limitation for initiating proceedings under section 201 against non-residents, noting reliance on the Bharti Airtel principle that a ... Limitation on initiation of proceedings u/s 201 against non-residents - application of a reasonable time limit where Parliament prescribed no statutory time bar - Delay filling SLP - HC held substantial questions of law raised regarding limitation in initiating proceedings u/s 201 against non-residents were answered in Bharti Airtel Ltd. which applied a reasonable time limit where Parliament had not prescribed a statutory time bar HELD THAT:- This special leave petition is reported to be beyond time by 600 days. We do not find a satisfactory explanation to condone the delay. The special leave petition is dismissed on ground of delay. Outcome: Special Leave Petition dismissed on the ground of delay.
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