LAWyersclubindia LCI
Login  Register
LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

laon

Querist : Anonymous (Querist) 07 May 2010 This query is : Resolved 
law of limitation regarding admiting case in court regarding non payment of loan.
Report Abuse
Raj Kumar Makkad (Expert) 07 May 2010
3 years of last confirmation of debt.
Querist : Anonymous (Querist) 07 May 2010
Thanks.
Does this rule can be applied to credit cards and personal loan ?
Devajyoti Barman (Expert) 07 May 2010
Yes in any case of loan. Mere sending of reminders by the bank regarding non payment of loan does not ipso facto extends the period of limitation beyond the period of 3 years in absence of acknowledgment by the borrower in the mean time.
Querist : Anonymous (Querist) 07 May 2010
Thanks.
Mr.Barman
adv. rajeev ( rajoo ) (Expert) 08 May 2010
Three years, yeas it is applicable to any debt
Querist : Anonymous (Querist) 08 May 2010
Thanks.
Mr.Rajeev
Querist : Anonymous (Querist) 08 May 2010
Thanks everyone, for prompt reply.
Sachin Bhatia (Expert) 13 May 2010
3 years
Querist : Anonymous (Querist) 14 May 2010
Thanks Mr.Sachin

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :



Ask Query
Unanswered Queries

Laws Follow us





Browse by Category

Stay updated with latest Posts!