Section 176 Contract Act 1872


Section 176 Contract Act 1872 in Hindi and English 

Section 176 Contract Act 1872 :Pawnce's right where pawnor makes default - If the pawnor makes default in payment of the debt, or performance; at the stipulated time or 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.

Supreme Court of India Important Judgments And Case Law Related to Section 176 of Contract Act 1872 :

Lallan Prasad vs Rahmat Ali & Anr on 13 December, 1966

Central Bank Of India vs Siriguppa Sugars & Chemicals Ltd. on 7 August, 2007

Vimal Chandra Grover vs Bank Of India on 26 April, 2000

Vimal Chandra Grover vs Bank Of India on 26 April, 2000

Pandurang Jivaji vs Ramchandra Gangadhar Ashtekar on 29 October, 1981

Infrastructure Leasing vs B.P.L. Limited on 9 January, 2015

Federal Bank Ltd. & Ors vs State Of Kerala & Ors on 21 March, 2007

Federal Bank Ltd. And Ors. vs State Of Kerala And Ors. on 21 March, 2007

Bank Of Bihar vs State Of Bihar & Ors on 1 April, 1971

All India Power Engineer vs Sasan Power Ltd. & Ors. Etc on 8 December, 2016

भारतीय संविदा अधिनियम, 1872 की धारा 176  का विवरण :  -  पणयमदार का अधिकार जहाँ कि पणयमदार व्यतिक्रम करता है -- यदि पणयमकार उस ऋण के संदाय में या अनुबद्ध समय पर उस वचन का पालन करने में, जिसके लिए माल गिरवी रखा गया था, व्यतिक्रमं करता है तो पणयमदार उस ऋण या वचन पर पणयमकार के विरुद्ध वाद ला सकेगा और गिरवी माल का साम्पार्श्विक प्रतिभूति के रूप में प्रतिधारण कर सकेगा, या गिरवी चीज को बेचने की युक्तियुक्त सूचना पणयमकार को देकर उस चीज को बेच सकेगा। यदि ऐसे विक्रय के आगम उस रकम से कम हों, जो ऋण या वचन के बारे में शोध्य हैं, तो पणयमकार बाकी के संदाय के लिए तब भी दायी रहता है। यदि विक्रय के आगम उस रकम से अधिक हों जो ऐसे शोध्य हैं तो पणयमदार वह अधिशेष पणयमकार को देगा।

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  1. Hdfc bank had auctioned my Pledged gold without intimating, date of auctions in writing to me, They had intimated me that they will auction gold as per rules but not mentioned date of auction. They had published auction notice in lesser consuming news paper but not informed me in writing for auction of gold. Will you please guide me and help me your suggestion which will be helpful to me in court as a written proof.


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