Legal Question in Credit and Debt Law in India

What is the statute of limitations for debt in india, I'm not sure if it's 3 years or 7 years from the last cause of action, and also what can be considered as last cause of action? is it last payment date, last contact date, etc?


Asked on 8/28/12, 3:31 pm

1 Answer from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

three years since the last demand of payment and acknowledgement of debt.

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Answered on 8/28/12, 9:06 pm


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