New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The law of limitation runs from the: 

    A Date the plaint is returned Correct Answer Incorrect Answer
    B Date of the order which plaint is directed to be returned Correct Answer Incorrect Answer
    C Depends upon the circumstances Correct Answer Incorrect Answer
    D None of the above. Correct Answer Incorrect Answer

    Solution

    The law of limitation wll begin to run from the specified cause of action when arises or comes to the knowledge of the plaintiff. In the above question none of the above is the correct option as no other option is relevant. “Interest Reipublicae Ut Sit Finis Litium”- means that in the interest of the state as a whole there should be a limit to litigation and “vigilantibus non dormientibus Jura subveniunt ” -means the law will assist only those who are vigilant with their rights and not those who sleep upon it. These are the maxims on which Law of Limitation rests. The Limtiation Act, 1963 prescribes a statutory time frame within which a suit for limitation shall be filed and if filed beyond that time period it is barred by limitation.

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