Limitation Act

5 years ago

My friend was a trader in share market. He incurred a loss by doing trading in FNO segment in the year 2008 (November), actually the trades were done by the brokers employee. However he made a complaint with Consumer forum in 2009, but on November, 2017 an award was awarded in the favour of the Broker that this case was not eligible under the consumer forum. Then he advanced to the NSE IGRP panel for filing the case. However the broker state that this was barred by limitation act. Is he allowed to file complaint in NSE IGRP or Arbitration panel.

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Rajender Prasad

Responded 5 years ago

A.dear client you can file this case with an application of leaving the condo nation of delay. or you can file a criminal case

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Deepak Yashwantrao Bade

Responded 5 years ago

A.Dear client where there case was pending before any forum the limitation period for that period would not counted for subsequent action.as per your query time limitation barred due to delay to file complaint.you can file matter into court with the application of condonation of delay.

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VIMAL K MISHRA

Responded 5 years ago

A.Dear client, please give written information of the whole matter to SEBI.

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Rameshwar Dadhe

Responded 5 years ago

A.By advocate Rameshwor dadhe dear sir once a any case started then no time limitations for it . Time limitations only for filling cases

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R. N. Chaturvedi

Responded 5 years ago

View All Answers

A.When case was pending before any forum the limitation period for that period would not counted for subsequent action.

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