Banking · Limitation Period for Mortgages
Under the Limitation Act, 1963, what is the limitation period for filing a suit for foreclosure or sale of mortgaged immovable property?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 112 years from the date the money secured by the mortgage becomes due✓
- 23 years from the date of execution of the mortgage deed
- 320 years from the date of default in interest payment
- 430 years from the date the mortgage was created
Correct answer
12 years from the date the money secured by the mortgage becomes due
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