What is the Period of Limitation for a Suit to Enforce Payment of Money Secured by a Mortgage?
Article 62: (Art. 132 of the Act of 1908):The period of limitation for a suit to enforce payment of money secured by a mortgage or otherwise charged upon immovable property is twelve years and the period of limitation starts to run when the money sued for become due. Image Source: timedotcom.files.wordpress.com ADVERTISEMENTS: Article 62 governs suits to enforce payment of money secured by mortgage or otherwise charged upon the immovable property. In Vala Punja v Puna Mavji, (AIR 1963 Guj. 112), it has been held that the Article 62 is applicable to all suits for sale or foreclosure regarding mortgage as well as to suits to enforce charge within the meaning of Section 100 of the Transfer of Property Act.Art. 62 is attracted only in respect of a mortgage or…
