Does the limitation period of 3 years apply to recovery of money from a nominee who was holding the cash, mutual funds etc. If yes, does this period starts from when the money was disbursed to nominee or when a legal heir first becomes aware (or demands their share)
Dr. J C Vashista (Advocate ) 15 October 2023
Whether both the dates (disbursement and knowledge of disbursement) qua movable properties of the deceased are different ?
No facts have been posted for forming proper opinion and oblige.
It is better to consult a local prudent lawyer for appreciation of facts/ documents, professional advise and necessary proceeding.
Advocate Bhartesh goyal (advocate) 15 October 2023
Yes,limitation for recovery of movable from nominee is three years but it depends on facts of each case.
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
