The Travel Club (Pvt) Ltd. vs. Sterling Merchant Investment Limited – SC CHC APPEAL 30/2013-2025

In the case between THE TRAVEL CLUB (PVT) LTD. and STERLING MERCHANT INVESTMENT LIMITED, the court addressed the issue of whether the Plaintiff’s cause of action, involving claims under re-invested fixed deposits and term loans, was initiated within the period prescribed by statute, in light of correspondence and alleged acknowledgments of debt by the Defendant. It was determined that the cause of action arose in 2003 as evidenced by contemporaneous correspondence, and that later acknowledgments did not revive or reset the statutory prescription period. Affirming the principle that mere reiteration of indebtedness after accrual of cause of action does not extend the limitation period, reliance was placed on established precedents, including Hoare & Company v Rajaratnam. The appeal was dism