Indian Limitation Act, 1963

Indian Limitation Act, 1963

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

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