LexisNexis’s Commentary on The Limitation Act by T R Desai – 13th Edition 2024.

Procedural time bars dictate the survival of every legal claim. Commentary on The Limitation Act (13th Edition, 2024), published by LexisNexis, is a well-established and reputed treatise that critically analyzes these deadlines with precision and coherence. Originally authored by the distinguished legal scholar T.R. Desai, this classic work has been copiously updated to explain the extent of the Limitation Act across modern jurisdictions. It serves as a ready reckoner for legal professionals, ensuring that complex timelines are navigated systematically and flawlessly.

IBC, Arbitration & Corporate Debt

Beyond traditional civil suits, modern fundamental screening and institutional dispute resolution require absolute precision regarding statutory timelines. This 13th Edition stands out by tackling the most contentious contemporary issues:

• The Insolvency and Bankruptcy Code (IBC): Analyzes the exact extent of the Limitation Act’s applicability to the initiation of corporate insolvency resolution processes.

• Balance Sheet Acknowledgments: For financial professionals and corporate counsels, the book offers a critical, detailed analysis of how an acknowledgment of debt in a company’s balance sheet resets the limitation period—a vital metric for recovering institutional loans.

• Arbitral Proceedings: Explores how time bars apply to the commencement of arbitrations and the enforcement or challenging of arbitral awards.

Landmark Judicial Precedents

While retaining the sanctity of the original work, the revised edition encompasses the juridical principles reaffirmed and evolved in recent times. Landmark Supreme Court judgments and significant rulings of the High Courts have been incorporated exactly where relevant, bringing the century-old procedural foundations into the 2024 legal context.

Who Should Buy This Book?

• Corporate Lawyers & Insolvency Professionals: The ultimate desk reference for filing IBC petitions and arguing the condonation of delay.

• Chartered Accountants & Financial Controllers: Essential for understanding how financial statements and balance sheet entries legally impact debt recovery timelines.

• Judges & Judicial Officers: A trusted, structured reference for evaluating procedural fairness and dismissing time-barred claims.

• Research Analysts: A foundational text for those assessing institutional litigation risks and corporate debt liabilities.

About the Legendary Author

T.R. Desai (1876–1914)

T.R. Desai was a highly distinguished Indian legal scholar and author. Despite his short life, his authoritative legal writings on procedural, civil, and land laws in India established a lasting legacy that remains central to Indian legal practice today.

His work is characterized by systematic, section-wise analysis, clear explanations, and an accessible approach to complex legal doctrines. The Commentary on the Limitation Act is his most famous and enduring work, serving as a premier reference for the Bar and the Bench regarding time limits. His legacy spans generations; he was also the father of Justice S.T. Desai, the first Chief Justice of the Gujarat High Court. Today, his treatises continue to be updated by modern legal scholars to incorporate changing case laws and contemporary commercial challenges.

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