In ICICI Bank Ltd v. Trishla Apparels Pvt Ltd (2015), what did the Madras High Court emphasize regarding suits barred by time?(Limitation Act)

Question

ObjectiveMcq · Accepted Answer

The court is duty-bound to dismiss suits barred by time, even if the opposing party does not raise the plea.

ObjectiveMcq · Answer

The court has discretion to entertain suits even if they are barred by time, regardless of the opposing party's plea.

ObjectiveMcq · Answer

The court is not obligated to dismiss suits barred by time unless the opposing party raises the plea.

ObjectiveMcq · Answer

Suits barred by time cannot be dismissed by the court if the opposing party does not raise the plea.