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LAW OF LIMITATION
What is the primary legislation governing the law of limitation in India?
The Limitation Act, 1963 is the primary legislation that prescribes time limits within which legal proceedings must be initiated in India.
What is the limitation period for a suit to recover money due on a bond?
12 years from the date the bond becomes due.
What is the limitation period for a suit on a promissory note payable on demand?
The limitation period for a suit on a promissory note payable on demand is 3 years from the date of the instrument.
What is the limitation period for a suit based on a written contract?
3 years from the date the right to sue accrues.
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