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2004 (10) TMI 328 - SUPREME COURT
Whether the Special Court constituted under The Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992 has power to condone the delay in filing a petition under section 4(2) of the Act?
Held that:- Appeal dismissed. It is enough for the purpose of this appeal to hold that section 29(2) of the Limitation Act, 1963 does not apply to proceedings under section 4(2) of the Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992. Since the appellant’s petition of objection had been filed much beyond the period prescribed under that section, the Special Court was right in rejecting the petition in limine.