Bare ActsKerala Money Lenders Act, 1958

Section 9H

Compensation for depreciation of pledge

Amendment status not verified — confirm the current text below against the official source.

If a person entitled and offering to redeem a pledge shows to the satisfaction of a Civil Court having jurisdiction to entertain a suit for such redemption that the pledge has become or has been rendered of less value than it was at the time of pawning thereof by or through the default, neglect or willful misbehaviour of the pawnbroker, the Court may, if it thinks fit, award reasonable compensation to the owner of the pledge in respect of the damage, and the amount awarded shall be deducted from the amount payable to the pawnbroker, or shall be paid by the pawnbroker, as the case requires, in such manner as the Court directs.

Section 9H – Kerala Money Lenders Act, 1958 | DailyLaw.ai