Section 24
Period of limitation of Government’s liability in respect of interest.
About this Act
An Act to consolidate and amend the law relating to Government securities and to the management by the Reserve Bank of India of the public debt of the Government.
Where no
shorter period of limitation is fixed by any law for the time being in force, the liability of
1[the Government] in respect of any interest payment due on a Government security shall
terminate on the expiry of six years from the date on which the amount due by way of interest
became payable.
Notes
1. Subs. by Act 6 of 1949, s. 6, for "The Central Government" (w.e.f. 1-4-1949).