Description |
Period of Limitation |
Temporary Overdraft without DPN |
3 years from date of loan |
Demand Loan |
3 years from the date of loan |
Demand Promissory Note |
3 years from date of DPN |
Bill of exchange payable on demand |
3 years from date of Bill. |
Usance bill of exchange or promissory note |
3 years from the due date of the bill or PN |
Suit for Money Decree |
3 years from the date right is due |
Term Loans payable by instalments |
3 years from due data of each instalment |
Mortgage |
12 years from the due date of the loan |
Right of foreclosure by the mortgagee |
30 years |
Right of redemption |
30 years |
Cash credit against hypothecation or overdraft |
3 years from the date of document. |
Cash Credit Pledge |
Not applicable |
Any suit by State/Central Government |
30 years from the date when limitation would start |
Deposit like SBLCA, FD with a bank |
3 years from date of demand |
Recovery of loss caused by fraud |
3 years from the data of detection of fraud |
Claim under:Consumer Protection Act |
2 year from the date de accrues |
Dishonour of cheque undersec 138 of NI Act |
1 month from the date right accrues |
Appeal to High Court against Lower court |
90 days from date of decree |
Appeal to other courts on the decree at Lower court |
30 days from date of decree |
Execution of Decree |
12 years from the data of decree |