Revival of Limitation in Bank Loans: Understanding Balance Confirmation and Revival Letters in Banking Practice

Ashok Kakkar , Last updated: 29 May 2026 Share Follow on Google News

Introduction In banking and financial transactions, recovery of dues through legal proceedings is closely connected with the law of limitation. Even where valid loan documents and securities are available, banks must ensure that recovery action is initiated within the legally prescribed time period

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About the Author

Ashok Kakkar

Advocate Insovencyprofessional

Ashok Kakkar (Professional Summary) Experienced banking and legal professional with over four decades of expertise in credit administration, loan documentation, recovery, and insolvency resolution. Retired from Punjab National Bank, he is a qualified M.Com, LL.B, LL.M, and CAIIB, and is currently practicing as an Advo ... Read more

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