In ICICI Bank Ltd v. Trishla Apparels Pvt Ltd (2015), what did the Madras High Court emphasize regarding suits barred by time?(Limitation Act)
1
The court has discretion to entertain suits even if they are barred by time, regardless of the opposing party's plea.
2
The court is not obligated to dismiss suits barred by time unless the opposing party raises the plea.
3
The court is duty-bound to dismiss suits barred by time, even if the opposing party does not raise the plea.
4
Suits barred by time cannot be dismissed by the court if the opposing party does not raise the plea.