What is meant by "Al-Ḥadd Lillāh" (the limit for Allah), and does it imply the absence of a limit to His Essence due to its infinite vastness, or that His Essence cannot be encompassed due to its absolute perfection and grandeur?

Allah Almighty has a limit, and none knows it but He, Glory be to Him. The denial of a limit by some scholars is to negate being encompassed by Him in knowledge and comprehension, and that He, Glory be to Him, is distinct from created places.