Section 177

Defaulting pawnor's right to redeem.

The Indian Contract Act, 1872

  • Act 9 of 1872
  • Ministry of Law and Justice
  • Legislative Department
All sections
    If a time is stipulated for the payment of the debt, of performance of the promise, for which the pledge 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 them1 ; but he must, in that case, pay, in addition, any expenses which have arisen from his default.

Notes

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

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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