Limitation Act, 1963 · First Division — Suits · Part II. — Suits Relating To Contracts
Article 37: On a promissory note or bond payable by instalments, which provides that, if default be…
| Description of suit | On a promissory note or bond payable by instalments, which provides that, if default be made in payment of one or more instalments, the whole shall be due. |
|---|---|
| Period of limitation | Three years. |
| Time from which period begins to run | When the default is made, unless where the payee or obligee waives the benefit of the provision and then when fresh default is made in respect of which there is no such waiver. |
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.
Share on WhatsAppRead the Limitation Act
Source: official text of the Limitation Act, 1963 (India Code).