Revival letter in civil suit

Saikat Sen (Querist) 12 February 2013 This query is : Resolved
Dear Sir/Madam,

Are Revival letters/Acknowledgement of debt is necessary for civil suit filing when the loan become NPA as per law of limitation ?

Thanks & Rgrds,
Saikat Sen

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R.K Nanda (Expert) 12 February 2013
yes, to keep debt within limitation period.

ajay sethi (Expert) 12 February 2013
yes see Section 18 limitation act regarding acknowlwdegment of liability

Advocate Bhartesh goyal (Expert) 12 February 2013
Revival letter/acknowledgment should be within limitation period i.e within three years from last transection.

R.K Nanda (Expert) 12 February 2013
agree with expert Goyal.

Rajinder KumarAhuja9990725300 (Expert) 12 February 2013
There is difference between loan being NPA and loan's being time Barred.If the documents of loan are within the limitation ,no revival letter is required for filing a civil suit. It is required only when the loan documents have become time barred, one requires revival letter to give extension to the last date for filing of a civil suit.As of loan becoming NPA, it can become NPA even after default of promised repayment is not made for 3 monthly installments.