Does the three-year limitation period apply to outstanding MSME payments?
Material was supplied to a party in 2016, with a part payment received in 2019, approximately 3.5 years later. The final part payment was made in 2022, but there are still outstanding payments. A case has been filed with the MSME council. Will the limitation period of three years apply, or will it be calculated from 2022? Are there any relevant High Court case references regarding this matter?
Sir, the limitation period typically starts when the debt becomes due but the final payment was made in 2022 so the three-year limitation may apply from that date. It is advised to consult an expert lawyer who will assist you with the best course of action. For further legal assistance contact us on our helpline number.
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