Under the Limitation Act, 1963, what is the prescribed period for a mortgagee’s suit to foreclose a mortgage of immovable property?
Question and options
Under the Limitation Act, 1963, what is the prescribed period for a mortgagee’s suit to foreclose a mortgage of immovable property?
12 years
30 years
1 year
3 years
Answer and explanation
Correct answer: B - 30 years
Article 63(a) prescribes 30 years from the date the money secured by the mortgage becomes due. Article 62 and Article 63(b) prescribe 12 years for their distinct claims, respectively enforcement of secured payment and possession by the mortgagee.
Practice for these exams
-
Himachal Pradesh Judicial Services
-
CUET PG Law (LL.M.)
Subject revision
Related question papers
Related exam syllabi
More solved explanations in The Schedule - periods for suits, appeals & applications
- Indian law as of 8 November 2026. A guardian transferred property belonging to a ward. Under the Limitation Act, 1963, what is the period from attaining majority…
- What is the period of limitation for a suit to recover possession of immovable property conveyed or bequeathed in trust and afterwards transferred by the trustee…
- Under Article 54 of the Limitation Act, 1963, what starts the limitation period for a suit for specific performance of a contract?
- According to the Limitation Act, 1963, the period of limitation for an application under the Code of Civil Procedure for setting aside an abatement is
- Under the Limitation Act, 1963, what is the limitation period for filing a suit for recovery of price of goods sold and delivered where no fixed period of credit…