Legal Question in Banking Law in India
What is statue of limitation and when does it start ?
What is the period for statue of limitation in case of a personal loan or a credit card in india ?
Asked on 2/17/10, 1:59 am
2 Answers from Attorneys
J. Radhakrishnan
independent Practice
The limitation Act of 1963 prescribes periods within which to file suit, action in courts. For a personal loan, normally the period of limitation is three years from the date when the debt is incurred and charged in the credit card
Answered on 2/17/10, 5:39 am
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
You should come with facts of your case instead of asking a"class-room" question.
Answered on 2/17/10, 6:44 am
Related Questions & Answers
-
Bank has sold the property(mortgaged) under SARFAESI Act after obtaining Recovery... Asked 2/17/10, 1:54 am in India Banking Law
-
My Father had credit card n he used it but now he is no more, after his death my... Asked 2/16/10, 6:38 pm in India Banking Law
-
I am a little confused by the replies to my original question. Perhaps, I should... Asked 2/16/10, 8:45 am in India Banking Law
-
Is it necessary for a foreign director of an indian company to seek approval of rbi... Asked 2/15/10, 8:36 am in India Banking Law
-
I cant pay my educational loan, what are the legal actions bank may take? Asked 2/15/10, 12:26 am in India Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
