The period of limitation mentioned in the Schedule of the Limitation Act, 1963 for a suit to enforce…

Under Article 62 of the Schedule to the Limitation Act, 1963, the period of limitation to enforce payment of money secured by a mortgage or otherwise charged upon immovable property is 12 years from when the money sued for becomes due. Similarly, a suit by a mortgagee for possession of immovable property mortgaged (Article 63(b)) or by a mortgagor to recover possession of mortgaged property transferred by the mortgagee for valuable consideration (Article 61(b)) carries a 12-year limitation period, whereas suits for redemption (Article 61(a)) or foreclosure (Article 63(a)) carry a 30-year period.