What is the usual effect of expiry of the limitation period on an ordinary debt under Indian law?
The Limitation Act, 1963 generally bars the remedy by suit on the ordinary debt while the debt itself subsists. Section 27 addresses a distinct situation involving expiry of…
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What is the usual effect of expiry of the limitation period on an ordinary debt under Indian law?
Answer and explanation
Correct answer B
The Limitation Act, 1963 generally bars the remedy by suit on the ordinary debt while the debt itself subsists.
Section 27 addresses a distinct situation involving expiry of the period to sue for possession of property.
A qualifying signed written promise to pay a time-barred debt can be enforceable under section 25(3) of the Indian Contract Act, 1872.
Option feedback
Option A
The usual bar on a debt action leaves the underlying obligation in existence.
Option B
Limitation generally bars the action on the original debt while leaving the debt in existence.
Option C
The ordinary debt action is subject to the statutory bar.
Option D
A fresh promise requires the conditions of section 25(3) of the Indian Contract Act, 1872, including writing and signature.
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