1997 (9) TMI 459

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.... Neither the appellant nor the respondent appeared when this appeal came up for hearing. We have carefully gone through the records and proceed to dispose of the appeal. 2. Mr. Ved Prakash, complainant for short, applied for 25 equity shares offered by LML Limited as right issue. The complainant was stated to have deposited Rs. 125 in cash alongwith application for allotment with Bank of Tokyo Lt....

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....plaint filed in 1995 was barred by limitation. We find force in this objection. The cause of action, if any, arose in July, 1991 when the complainant submitted the application for the allotment of the shares. The complaint, having been filed in 1995, was barred by limitation. The authority cited by the appellant namely Omega Packaging (P.) Ltd. v. Central Bank of India [1995] CPJ 1 (NC) clearly ap....