State of Kerala v. V.R. Kalliyanikutty, (1999) 3 SCC 657 did not dispute, a statute of limitation only bars a remedy and does not extinguish a debt. It would also be apposite to point out, recently, K.C. Ninan v. Kerala State Electricity Board, 2023 INSC 560 noticed V.R. Kalliyanikutty and concluded, a statute of limitation only barred a remedy, while right to recover a loan through ‘any other suitable manner provided’ remains untouched. We are of opinion, Chief Justice of India should constitute a Three-Judge Bench.
– Hon’ble Justice K.V. Viswanathan, K.P. Khemka v. Haryana State Industrial and Infrastructure Development Corporation Limited, [Civil Appeal No. 6144 of 2024].