The Law of Limitation only bars remedy, but does not extinguish the

Section 3 of the Limitation Act, 1963 bars the remedy by suit after the prescribed period, but ordinarily does not extinguish the underlying "right"; a time-barred debt, for instance, can support a written promise to pay under section 25(3) of the Indian Contract Act, 1872. Section 27 is the exception, extinguishing the right to property itself when the period for a suit for possession expires, so property is wrong, and recovery and appeal are remedies, which are what limitation bars.