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Section 177 -The Indian Contract Act, 1872

The Indian Contract Act, 1872

 

177. Defaulting pawnor’s right to redeem –

 

If a time is stipulated for the payment of the debt, or performance of the promise, for which the pledged is made, and the pawnor makes default in payment of the debt or performance of the promise at the stipulated time, he may redeem the goods pledged at any subsequent time before the actual sale of them;1 but he must, on that case, pay, in addition, any expenses which have arisen from his default.

 

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  1.   For limitation, see the Limitation Act, 1963 (36 of 1963), Schedule 1.

 

 

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The Indian Contract Act, 1872

 

 

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