bank had no right to
deal with the securities by way of pledge, sub-pledge or
assignment. In this connection our attention was invited ... tanto in those securities and might then have
been entitled to pledge or sub-pledge the securities with a
third party. But so long
turn, sub-
pledged them to defendant No.3. Two of the three ornaments sub-
pledged were redeemed and were again sub-pledged with defendant ... sub-pledged to the appellant the
ornaments which the plaintiff had pledged to him, Manni
Ram having only a limited interest in them the pledge
pledge notice that the pawnor has no authority to pledge.
15. Section 179 of the Indian Contract Act provides that where a person pledges goods ... throughout the entire period of the pledge, the pawnor continues to be the owner of the goods pledged and the juridical possession also continues
Ptc India Financial Services Ltd. vs Mr. Venkateshwarlu Kari on 12 May, 2022
Author: Sanjiv
