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Does the 3-year limitation period apply to the sale proceeds of a mother’s self-acquired property when she executed the sale while bedridden, and the proceeds remain in her name as a fixed deposit for 6 years after her death?
Challenging your mother’s sale deed is barred after 3 years under Article 59, Limitation Act. However, claiming the FD proceeds is different, limitation starts only when the bank refuses release, not from her death. Hence, even after 6 years, heirs can claim the FD by producing succession certificate/legal heir proof, though back interest may be restricted. For further legal assistance contact us on our helpline number.