Debt in Contractual Disputes

Time-Barred Debt in Contractual Disputes & Ways for Revival

The Limitation Act was introduced in 1963 to prescribe a time period for taking legal actions. It prescribes a period to an aggrieved person to file suits after the cause of action has occurred. If he files a suit after the prescribed period, he would be smashed by the law of limitation. In a similar fashion, a time-barred debt is…

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