The Limitation Act is a law that sets the maximum time periods within which legal proceedings must be initiated. It aims to ensure that legal actions are brought forth in a timely manner, providing certainty and finality to disputes.
The limitation period usually begins from the date when the cause of action arises. This is the date when the aggrieved party could have first filed a lawsuit.
After the expiration of the limitation period, the claimant is barred from filing a suit. The court will not entertain cases filed after the limitation period has elapsed.
Certain statutes may have specific provisions regarding limitation periods that override the general provisions of the Limitation Act. For instance, specific laws like the Arbitration and Conciliation Act, and various tax laws may have their own limitation timelines.
Legal practitioners must ensure that claims are filed within the prescribed periods. It’s essential to calculate the limitation period accurately to avoid the dismissal of cases.
The Limitation Act applies to all civil proceedings, but does not apply to criminal cases, where different laws govern the prosecution timeline.
The Limitation Act serves to promote justice by encouraging parties to bring their claims forward within a reasonable time, preventing stale claims that can undermine the legal process.
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