Mera Samvidhaan All of Limitation Act, 1963

First Division · Part II · Suits Relating to Contracts

Article37Three years.

The Schedule · First Division—Suits · Part II—Suits Relating to Contracts

On a promissory note or bond payable by instalments, which provides that, if default be made in payment of one or more instalments, the whole shall be due.

Period of limitation

Three years.

Time from which period begins to run

When the default is made, unless where the payee or obligee waives the benefit of the provision and then when fresh default is made in respect of which there is no such waiver.

Schedule, article 37 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.