Commercial Summary Suit / Summary Suit / Regular Money Suit, for the price of goods sold and delivered on credit
Nature of Cause of action
SUIT FOR THE PRICE OF GOODS SOLD AND DELIVERED ON CREDIT: Where certain goods were sold and delivered; on certain credit period; but the party concerned failed to make payment – A Suit may be filed for the recovery of the price of the goods sold and delivered, within three years from the due date of payment, under Article 15 of the Indian Limitation Act, 1963.
The remedy of Suit is subject to existence of any Arbitration Agreement / Clause between the parties. The remedy of Suit is further subject to exclusive jurisdiction being conferred upon specially constituted Tribunals or Courts, or upon any Statutory Authority, to exclusively deal with certain kind of disputes.
