The Limitation Act, 2005 is a legislation in India that specifies the time limits within which legal proceedings must be initiated in the country. The Act applies to all civil proceedings, except for proceedings related to the enforcement of a mortgage or a charge, and proceedings related to the enforcement of a security interest.
The Limitation Act, 2005 consists of two parts. Part I of the Act deals with the general provisions related to the limitation of legal proceedings, while Part II of the Act deals with the specific time limits for different types of legal proceedings.
According to the Act, the time limit for initiating a legal proceeding begins from the date on which the cause of action arises. The cause of action is defined as the wrongful act or omission that gives rise to a claim for damages or other relief.
The Limitation Act, 2005 provides for different time limits for different types of legal proceedings. For example, the time limit for initiating a suit for recovery of possession of immovable property is 12 years, while the time limit for initiating a suit for recovery of money due under a written contract is three years.
The Limitation Act, 2005 also provides for the circumstances under which the time limit can be extended. For example, the time limit can be extended if the plaintiff was under a legal disability at the time when the cause of action arose. A legal disability refers to a situation where the plaintiff is unable to initiate legal proceedings due to factors such as minority, unsoundness of mind, or imprisonment.
In addition to the time limits for initiating legal proceedings, the Limitation Act, 2005 also provides for the time limits for executing a decree or order. A decree is a final order of a court, while an order is a decision of a court that is not final. The time limit for executing a decree or order depends on the nature of the decree or order.
The Limitation Act, 2005 also provides for the time limits for appeals and revisions. An appeal is a request to a higher court to review the decision of a lower court, while a revision is a request to a higher court to review the decision of a court of the same level. The time limit for filing an appeal or revision depends on the nature of the case and the court in which the appeal or revision is filed.
In conclusion, the Limitation Act, 2005 is a legislation in India that specifies the time limits within which legal proceedings must be initiated and executed in the country. The Act applies to all civil proceedings, except for proceedings related to the enforcement of a mortgage or a charge, and proceedings related to the enforcement of a security interest. The Act provides for different time limits for different types of legal proceedings and also provides for the circumstances under which the time limit can be extended.