NCLT/NCLAT

[THYAGARAJAN KALYANASUNDARAM]

Dear Experts,

One of my clients procured goods from the supplier regularly and he was given a blank cheque at the inception of the translations. My client has not paid some of the payments due to some quality issues which relate to 3 years back transactions. Later, the supplier filled the cheque and remitted it into the bank which was originally given for security purposes got bounced. Now, the supplier initiated the NCLT process and got the order in favour from the NCLT without considering the Limitation period even after stressing by the counsel, however if we count from the cheque bounced date it would be within the time, but the cheque given only for security purposes. Now my query is that can we file a further appeal before NCLAT for remedy?

thanks in advance.

AI Summary

Supplier Wins Cheque Dispute Despite Time-Bar Argument; Client Plans Appeal to NCLAT Over Payment Withholding Issues. A client provided a supplier with a blank cheque for security during regular transactions. Due to unresolved quality issues from three years ago, the client withheld some payments. The supplier later filled the cheque, which bounced when deposited. Despite the client's counsel arguing that the claim was time-barred, the National Company Law Tribunal (NCLT) ruled in favor of the supplier. The client is considering appealing to the National Company Law Appellate Tribunal (NCLAT) for a remedy. An expert confirmed that an appeal to the NCLAT is possible.