Limitation Act, 1963
11. Suits on contracts entered into outside the
territories to which the Act extends –
(1) Suits instituted in the territories to which this Act
extends on contracts entered into the State of Jammu and Kashmir or in a
foreign country shall be rules of limitation contained in this Act.
(2) No rule of limitation in force in the State of Jammu and
Kashmir or in a foreign country shall be a defense to a suit instituted in the
said territories on a contract entered into in that State or in a foreign
country unless -
a. the rule has
extinguished the contract; and
b. the parties were
domiciled in that State or in the foreign country during the period prescribed
by such rule.