Supreme Court allowed appeal by Administrator of the Specified Undertaking of the Unit Trust of India, overturning High Court order.
The 2008 money‑recovery suit is restored to the trial court for merits, with a directive to decide the case within two years.
Court held limitation is a mixed question of fact and law, allowing respondent to raise all factual matters in its written statement.
All pending applications were disposed of; judgment delivered on 15 April 2026 by Justices J.K. Maheshwari and Atul S. Chandurkar.