The time limit for filing a civil suit in the cases of Money Fraud is as described in the Limitation Act 1963 is one year within the date of the fraud have been committed or the date of discovery of such frauds.
Overview
Section 17 of the Limitation Act 1963 reveals the information about the time limit for filing any suit subjecting to Money fraud or any other related frauds cases.
In the section, it is mentioned that the plaintiff needs to be filed the complaint within one year of the committed fraud or from the time of the discovery of such fraud.
Section 17 of Limitation Act 1963
The section starts from the statement as the
Effect of fraud or mistake and after this, it says or making it strict for the cases where the limitation is prescribed by this act.
The section deals with the fraud where the suit can be entertained upon the fraud of the defendant or the respondent or his agent.
The section also told that the suit only can be filed by the applicant who has faced the fraud act by the defender.
Further, sub-section 2 of section 17reveals the limitation time for filing the suit in the cases of fraud related to the money and can be read as-
It says that whenever a judgment debtor has, by fraud or force, prevented the execution of decree or order within the period of limitation, the court may on the application of the judgment creditor made after the expiry of the said period extend the period of execution of the decree of the order.
