https://www.taxtmi.com/caselaws?id=255120 An appeal under Section 18 of the SARFAESI Act is confined to thirty days, and the statute contains no express power to extend that period. Applying the principle that Sections 4 to 24 of the Limitation Act apply to a special law only when not expressly or by necessary implication excluded, the Court concluded that the SARFAESI scheme excludes such application because it is intended to secure speedy recovery and finality. The reference in Section 18(2) to the Recovery of Debts Due to Banks and Financial Institutions Act regulates disposal after a valid appeal is entertained and does not authorise admission of a time-barred appeal. Accordingly, Section 29(2) of the Limitation Act does not apply and the DRAT has no power to condone delay. en-us Tue, 28 Aug 2012 00:00:00 +0530 Thu, 08 Jan 2015 21:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255120 An appeal under Section 18 of the SARFAESI Act is confined to thirty days, and the statute contains no express power to extend that period. Applying the principle that Sections 4 to 24 of the Limitation Act apply to a special law only when not expressly or by necessary implication excluded, the Court concluded that the SARFAESI scheme excludes such application because it is intended to secure speedy recovery and finality. The reference in Section 18(2) to the Recovery of Debts Due to Banks and Financial Institutions Act regulates disposal after a valid appeal is entertained and does not authorise admission of a time-barred appeal. Accordingly, Section 29(2) of the Limitation Act does not apply and the DRAT has no power to condone delay. Case-Laws Companies Law Tue, 28 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255120