The Law of Limitation Bars the Remedy but Does Not Destroy the Right (Section 3 and 27)
So, if B pays the amount to A, the payment would be a valid one and according to law B cannot recover it back from A on the ground that the right of A to recover the amount and become barred by limitation.
There is, however, one case where the right to property is also extinguished, that is, when the suit is not brought for possession within the time prescribed. (Section 27). In such a case, not only the rights of the owner bring a suit but .also the title of the owner of the property is extinguished.