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TypeBare Act JurisdictionCentral Government

Contract Act, 1872 Section 176

PAWNEE'S RIGHT WHERE PAWNOR MAKES DEFAULT If the pawnor makes default in payment of the debt, or performance, at the

~1 min read
https://sooperkanoon.com/act/452349

Bare act section · Research

About this section

Contract Act, 1872 Section 176 is part of Contract Act, 1872 - PAWNEE'S RIGHT WHERE PAWNOR MAKES DEFAULT If the pawnor makes default in payment of the debt, or performance, at the. Read the section text below and explore Indian court judgments that cite it.

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Section Text

SECTION 176: PAWNEE'S RIGHT WHERE PAWNOR MAKES DEFAULT If the pawnor makes default in payment of the debt, or performance, at the stipulated time of the promise, in respect of which the goods were pledged, the pawnee may bring a suit against the pawnor upon the debt or promise, and retain the goods pledged as a collateral security; or he may sell the thing pledged on giving the pawnor reasonable notice of the sale. If the proceeds of such sale are less than the amount due in respect of the debt or promise, the pawnor is still liable to pay the balance. If the proceeds of the sale are greater than the amount so due, the pawnee shall pay over the surplus to the pawnor.

Frequently asked questions

What does Contract Act, 1872 Section 176 provide?

Section Section 176 of the Contract Act, 1872 (PAWNEE'S RIGHT WHERE PAWNOR MAKES DEFAULT If the pawnor makes default in payment of the debt, or performance, at the) is reproduced on this page as part of the Contract Act, 1872. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Contract Act, 1872 Section 176?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Contract Act, 1872 Section 176. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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