Pavan Tulsyan
Asked May 09, 2019

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I gave one party loan of RS.150000/- on 7.6.16 by an account payee cheque. I was receiving interest amount on it regularly at the agreed rate and time. Last interest payment was received on 16.11.2018. After that I have asked the party for repayment of principle amount. But I have not received any amount till now. Please advise from which date the 3 year period of limitation starts for filing civil suite for recovery.

Answer 1

Limitation starts from 16/11/2018. you have to issue legal notice demading the money before filing the suit.

Agree Comment 0 Agrees 3 days ago
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