Whether Limitation Act applicable on PMRY loan recovery cases?
Availed a loan of Rs.82000/- under PMRY and paid 17000/-/ Balance amt + intrest (Total 76000/-)was written off in Oct2008. Unknowingly I paid 7500/- in 2009 as was not aware of written off status. My current condition is not good, I orally offered 35000 the best but they insist on 70000. The recovery persons are now harassing for court action. Kindly advice on the applicability of Limitation Act in this case. Thanks
Asked 2 years ago in Civil Law from Bhopal, Madhya Pradesh
claim is barred by limitation . if recovery persons harass you lodge police complaint against them
1. The claim has already become time barred,
2. Ask the recivery agent to go to Court,
3. If they still disturb you, lodge a police complaint.