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Nagaraj (NA)     21 June 2011

Time limit to file suit

Hi All,

 

Can anyone inform me? What is the time limit to file suit on recovery of the money against the sale of Goods (Ayurvedic Medicines) ? And Please let me know if there is any citation and under which article we need to file the suit.

Your guidence always be appreciable.

Thanks and regards,

Nagaraj



 5 Replies

NARENDERA CHUGH (ADVOCATE)     21 June 2011

3 Yr. from last tranjection(purchase or part payments)

1 Like

VIPIN SHARMA (Mob.-9610000043) (ADVOCATE)     21 June 2011

It is three years as per article 13 of limitation act as follow-

13.

For the balance of money advance in payment of goods to be delivered.

Three years

When the goods ought to be delivered.

2 Like

Johndel Clay (Account Officer)     22 June 2011

Amount can be recovered if it is pending more than six month. an unregistered deed can be used for recovery.

Aniket Giri (ADVOCATE)     27 June 2011

THe time limit is three years from the cause of action.

NARENDERA CHUGH (ADVOCATE)     01 July 2011

plz  read  this table

SL. NO.

DESCRIPTION OF SUIT

PERIOD OF LIMITATION

TIME FROM WHICH PERIOD BEGINS TO RUN

1.

For the balance due on a mutual, open and current account where there have been reciprocal demands between the parties.

Three years

The close of the year in which the last item admitted or proved is entered in the account; such year to be computed as in the account.

2.

Against a factor for an account

Three years

When the account is during the continuance of the agency, demanded and refused or, where no such demand is made, when the agency terminates.

3.

By a principal against his agent for movable property received by the latter and not accounted for.

Three years

When the account is during the continuance of the agency, demanded and refused or, where no such demand is made, when the agency terminates.

4.

Other suits by principals against agents for

Three years

When the neglect or misconduct becomes known to the plaintiff.

5.

For an account and a share of the profits of dissolved partnership

Three years

The date of the dissolution.


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