LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Vijay Kumar   29 May 2020

a promissory note is valid for how many years

promissory note validity period


 4 Replies

Nagababu Sana Nagababu   29 May 2020

when u date mentioned that was 3years only

P. Venu (Advocate)     30 May 2020

To my knowledge, the promise is always valid but but it cannot be got enforced beyond the limitation period of three years.

G.L.N. Prasad (Retired employee.)     30 May 2020

Come out with facts as limitation period can also be extended by obtaining acknowledgment of such debt for further 3 years from date of suck acknowledgment.

Dr J C Vashista (Advocate)     31 May 2020

3 years from due date.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register