What is the limitation period to file a civil suit for recovery of money?

The limitation period to file a civil suit for recovery of money is 3 years from the date of the last payment made or the acknowledgment of debt by the debtor. A civil suit acts as an effective remedy to recover money. The civil suit is generally in the nature of a summary suit wherein the burden of proof is not to prove the debt thus cutting down the bulk of legal proceedings. It is necessary for a suit for recovery of money to be disposed off expeditiously.


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