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Time Barred Debt

Lovekush Parmar (3 Points)

19 November 2017

How does a debt classified as time barred?

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Sunil Ahmad (Student) (1511 Points)
Replied 19 November 2017

As it is not recovered within three years , (after completion of 3 yrs) it is called time barred debt.
as per limitation act.

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Sunil Ahmad (Student) (1511 Points)
Replied 19 November 2017

limit may vary as per the contract.

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