This is the period during which, a suit can be filed or a case initiated in a court of law. Different periods have been prescribed for different matters and issues, as per the Limitation Act. For example, if it is a matter of a tort, one can approach the courts within three years, if it is a matter related to mortgage, the period of limitation is sixty years, and so on.
As per Section 3, the suit, if filed after the exploration of time-limit, is struck by the Law of Limitation. It is basically meant to protect the long and established user and to indirectly punish persons who got into a long slumber over their rights. The provisions of Section 3 are mandatory.
The effect of Section 3 is not to deprive the court of its jurisdiction. Therefore, decision of a court allowing such a suit which had been instituted after the period is not vitiated for want of jurisdiction. A decree passed in a time barred suit is not a nullity.
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