https://www.taxtmi.com/caselaws?id=761127 SC held that section 56(2) of the Electricity Act 2003 does not apply to demands raised under the 1910 Act. The two-year limitation period under the 2003 Act applies only to liabilities arising under that Act, not prior obligations. While section 24 of the 1910 Act prescribes no limitation period, licensees cannot indefinitely delay recovery suits. The HC Division Bench erred in applying 2003 Act limitations to pre-2003 liabilities. The judgment was set aside and civil appeal allowed, though no order was made regarding the reduced amount already recovered through bank guarantee encashment. en-us Mon, 04 Nov 2024 00:00:00 +0530 Wed, 06 Nov 2024 08:34:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761127 SC held that section 56(2) of the Electricity Act 2003 does not apply to demands raised under the 1910 Act. The two-year limitation period under the 2003 Act applies only to liabilities arising under that Act, not prior obligations. While section 24 of the 1910 Act prescribes no limitation period, licensees cannot indefinitely delay recovery suits. The HC Division Bench erred in applying 2003 Act limitations to pre-2003 liabilities. The judgment was set aside and civil appeal allowed, though no order was made regarding the reduced amount already recovered through bank guarantee encashment. Case-Laws Indian Laws Mon, 04 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761127