Limitation Applies in Proceedings Under Interest on Delayed Payments to Small Scale & Ancillary Industrial Undertakings Act: Telangana HC

The Telangana High Court applied limitation principles to delayed payment claims under MSME laws, preventing stale claims from being pursued indefinitely. The court ruled that while the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, provides a mechanism for delayed payment recovery, it does not override the general law of limitation. Therefore, claims for delayed payments made by MSMEs must still adhere to the statutory limitation period, preventing an indefinite pursuit of old dues.