The Limitation Act, 1963, is a statutory law in India that prescribes the time limits within which legal actions, suits, or proceedings can be initiated. Enacted on January 1, 1964, the act aims to promote justice by ensuring that legal claims are pursued within a reasonable time frame, preventing the delay in seeking remedies.
The objective of the Limitation Act is to set specific time limits for initiating legal proceedings, emphasizing the importance of timely resolution and preventing undue delays in seeking remedies. It seeks to strike a balance between the rights of individuals to pursue legal claims and the need for finality in legal disputes.
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