https://www.taxtmi.com/caselaws?id=309956 A loan repayable in instalments with a default clause accelerating the whole debt falls within the specific limitation article for such transactions, not the residuary article. Limitation begins from the first default unless the creditor's right to accelerate is intentionally waived, and that waiver must be specifically pleaded and proved. Mere delay or inaction is insufficient to infer waiver. On the facts stated, no waiver was pleaded or established, so the suits filed more than three years after the first default were time-barred. en-us Fri, 14 Feb 1992 00:00:00 +0530 Thu, 28 Sep 2023 11:54:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309956 A loan repayable in instalments with a default clause accelerating the whole debt falls within the specific limitation article for such transactions, not the residuary article. Limitation begins from the first default unless the creditor's right to accelerate is intentionally waived, and that waiver must be specifically pleaded and proved. Mere delay or inaction is insufficient to infer waiver. On the facts stated, no waiver was pleaded or established, so the suits filed more than three years after the first default were time-barred. Case-Laws Indian Laws Fri, 14 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309956