Ms. Justice Asha Menon

Under Section 176 of the Contract Act, the pawnor, if not otherwise liable for the debt as a borrower or as a guarantor or otherwise, does not merely from the act of making a pledge, become liable to the creditor/pawnee, for anything more than the value of the goods pledged – Ajoy Khanderia Vs. Barclays Bank & Anr. – Delhi High Court

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Under Section 176 of the Contract Act, the pawnor, if not otherwise liable for the debt as a borrower or as a guarantor or otherwise, does not merely from the act of making a pledge, become liable to the creditor/pawnee, for anything more than the value of the goods pledged – Ajoy Khanderia Vs. Barclays Bank & Anr. – Delhi High Court Read Post »

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