Limitation Act, 1963 · First Division — Suits · Part I. — Suits Relating To Accounts
Article 1: For the balance due on a mutual, open and current account, where there have been…
| Description of suit | For the balance due on a mutual, open and current account, where there have been reciprocal demands between the parties. |
|---|---|
| Period of limitation | Three years. |
| Time from which period begins to run | The close of the year in which the last item admitted or proved is entered in the account; such year to be computed as in the account. |
Calculate the last date
A calculator for quick reference, not legal advice. Check the Act, holidays of your court and any special law that sets its own period before relying on a date.
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Source: official text of the Limitation Act, 1963 (India Code).