ASIA RESORTS LTD. vs M/S. USHA BRECO LTD. — C.A. No. 7391/2001

Case Summary: Asia Resorts Ltd. v. Usha Breco Ltd. The Supreme Court held that Asia Resorts' petition for arbitration was filed beyond the three-year limitation period under Article 137 of the Limitation Act. The cause of action arose when Usha Breco rejected Asia Resorts' April 1990 complaint about ropeway system defects on May 17, 1990; the subsequent November 1993 petition filed three years later was time-barred. However, the Court condoned the delay under Section 5 of the Limitation Act and remitted the matter to the High Court for arbitration proceedings, subject to Asia Resorts paying Rs. 20,000 costs to the respondent. This case analysis is maintained by casestatus.in based on publicly available court records.