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

    Question

    What is the limitation period for enforcing payment of

    money secured by a mortgage?
    A Five years Correct Answer Incorrect Answer
    B Seven years Correct Answer Incorrect Answer
    C Ten years Correct Answer Incorrect Answer
    D Twelve years Correct Answer Incorrect Answer
    E Fifteen years Correct Answer Incorrect Answer

    Solution

    Limitation Act Part V—Suits Relating To Immovable Property: Article 62” To enforce payment of money secured by a mortgage or otherwise charged upon immovable property the period of limitation is twelve years from the time when the money sued for becomes due.

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