Limitation Act, 1963 · First Division — Suits · Part II. — Suits Relating To Contracts
Article 36: On a promissory note or bond payable by instalments
| Description of suit | On a promissory note or bond payable by instalments. |
|---|---|
| Period of limitation | Three years. |
| Time from which period begins to run | The expiration of the first term of payment as to the part then payable; and for the other parts, the expiration of the respective terms of payment. |
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Source: official text of the Limitation Act, 1963 (India Code).