Mera Samvidhaan All of Indian Contract Act, 1872

Chapter IX · Of Bailment

177Defaulting pawnor’s right to redeem.

Section 177 · Chapter IX · Bailments of Pledges · page 42 of the Act

If a time is stipulated for the payment of the debt, or 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 them2; but he must, in that case, pay, in addition, any expenses which have arisen from his default.

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

Section 177 of The Indian Contract Act, 1872 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.