Bar of Limitation implies that a person is given the right to approach the courts in any matter within a set time frame. Beyond that, it is not that his legal right regarding that matter extinguishes; it is just that the courts will not be able to help him in that matter anymore.
The court can suo motu take note of question of limitation. The question whether a suit is barred by limitation should be decided on the facts as they stood on the date of presentation of the plaint. It is a vital section upon which the whole Limitation Act depends for its efficacy.
It in fact place a limit on the aggrieved person's right to file a suit on the logic that if the person is truly distressed, he will find an opportunity to file a suit as soon as possible. If that has not been done, and the court sees no valid reason, or sufficient cause, it will reject the suit.
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