Mera Samvidhaan All of Limitation Act, 1963

First Division · Part I · Suits Relating to Accounts

Article1Three years.

The Schedule · First Division—Suits · Part I—Suits Relating to Accounts

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

Period of limitation

Three years.

Time from which period begins to run

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.

Schedule, article 1 of The Limitation Act, 1963 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.