Statute of Limitations 1957

Fresh accrual of right of action on payment (action to recover debt).

65

65. (1) Where—

( a) any right of action has accrued to recover any debt, and

( b) the person liable therefor makes any payment in respect thereof,

the right of action shall be deemed to have accrued on and not before the date of the payment.

(2) Payment of interest in whole or in part shall for the purposes of this Chapter be treated as a payment in respect of the principal debt.