Bar of limitation prevents suits, appeals or applications filed after the prescribed period from being entertained. Section 3 imposes a statutory bar of limitation, requiring dismissal of suits, appeals and applications filed after the prescribed period. It defines institution timing: ordinary suits on presentation of the plaint; paupers' suits on application for leave; claims in court-ordered liquidation on submission to the official liquidator; set-offs as separate suits deemed instituted with the principal suit; counterclaims on the date they are made; and High Court notice-of-motion applications when presented to the proper officer.