Limitation in recovery suits
munish mittal 9803301130
(Querist) 03 November 2011
This query is : Resolved
Dear All,
Kindly provide the authorities regarding file the recovery suit under limitation,if the agreement of the loan stands and the limitation period starts at the end of the agreement kindly provide the authorities regarding.
ajay sethi
(Expert) 03 November 2011
what are the facts of your case?
Sankaranarayanan
(Expert) 03 November 2011
yes need more details about your query to give our opinion.
Ravikant Soni
(Expert) 03 November 2011
I think the author requires Judgments as to starting point of limitation in recovery suit whether from the end of loan agreement!!!
In recovery of money lent under agreement suits the starting point of limitation is:
Art 21. For money lent under an agreement that it shall be payable on demand.
Three years
When the loan is made.
Art 22. For money deposited under an agreement that it shall be payable on demanded, including money of a customer in the hands of his banker so payable.
Three years
When the demand is made.
23. For money payable by the defendant to he plaintiff for money received by the defendant, for the plaintiff's use.
Three years
When the money is paid.
Ravikant Soni
(Expert) 03 November 2011
I think the author requires Judgments as to starting point of limitation in recovery suit whether from the end of loan agreement!!!
In recovery of money lent under agreement suits the starting point of limitation is:
Art 21. For money lent under an agreement that it shall be payable on demand.
Three years
When the loan is made.
Art 22. For money deposited under an agreement that it shall be payable on demanded, including money of a customer in the hands of his banker so payable.
Three years
When the demand is made.
23. For money payable by the defendant to he plaintiff for money received by the defendant, for the plaintiff's use.
Three years
When the money is paid.
prabhakar singh
(Expert) 03 November 2011
Mr. Soni seems to have rightly anticipated,if so,he has given you right answers for every condition.
RAJU O.F.,
(Expert) 04 November 2011
Recovery of loan amount: Limitation for filing suit:
1. Rajasthan High Court:
III (2009) Banking Cases 289
2.DRAT-Delhi:
III (2008) Banking Cases 104(DRAT)
dev kapoor
(Expert) 05 November 2011
Dear All,
Thats like EXPERTS.Anticipate what advice is being sought.Sometimes,the other person/author may not be very clear in expression (like advocates or knowledgeable person).He may be a gullible simpleton but still a needy.Advice may be given anticipating what does he really wish to.If he still desires more,he could be further advised with a view to 'making legal awareness' if we really wish to render LEGAL SERVICE .
Well done,plz keep up.
All regards!
