Section 24 of the Act provides that the limitation period for applications to the Tribunal is governed by:

Section 24 provides that the provisions of the Limitation Act, 1963 shall, as far as may be, apply to an application made to a Tribunal. The phrase 'as far as may be' introduces contextual flexibility. The standard limitation for recovery of money under the Limitation Act's Schedule is 3 years. Provisions relating to acknowledgment of debt, part-payment, and disability that extend or revive limitation under the Limitation Act also apply to DRT applications. This means a banker's confirmation letter or part-payment by the borrower will revive the limitation period, which is commercially significant for banks managing NPA recovery strategies.