(l) Notwithstanding anything contained in the limitation Act, 1963 (36 of 1963), but subject to the specific provisions made in this Act, the period of limitation in the case of a dispute referred to arbitration shall, (a) when the dispute relates to the recovery of any sum including interest thereon due to a multi state cooperative society by a member there are be computed from the date on which such member dies or ceases to be a member of the society;(b) save as otherwise provided in clause (c), when the dispute relates to any act or omission on the part of any of the parties referred to in clause (b) or clause (c) or clause (d) of sub-section (1) of section 84, be six years from the date on which the act or omission, with reference to which the dispute arose, took place;c) when the dispute is in respect of an election of an officer of a credit cooperative society, be one month from the date of the declaration of the result of the election(2) The period of limitation in the case of any dispute, except those, which are required to be referred to arbitration shall be regulated by the provisions of the Limitation Act, 1963 (36 of 1963), as if the dispute were a suit and the arbitrator a civil court.(3) Notwithstanding anything contained in sub-sections (1) and (2), the arbitrator may admit a dispute after the expiry of the period of limitation, if the applicant satisfies the arbitrator that he had sufficient cause for not referring the dispute within such period. A limitation period is the period of time within which a party to a contract must bring a claim. In construction contracts, limitation periods are often relevant in relation to defects claims brought against contractors. However, the end of the defects liability period does not mean that the contractor is released from all liability as the statutory limitation period' may still be running. This is the period during which, according to the law, the contractor may be liable for defects. Limitation periods are considered as defiance, rather than as a statutory requirement. The court will not take the initiative of time-barring a claim. It is up to the contractor to plead that the time limit has passed as a defiance to an action that has been brought after the relevant limitation period has passed. The wait is over for the scrutiny of nomination.