Amendment status not verified — confirm the current text below against the official source.
(1) '[Where a pledge is lost by theft or is Pawnbroker dehtroyed or damaged by or in conseque~~ce of fil.elj 'in fire. thr pat\nbj ~Acr shali ueverthule,~ be liable or, ;-ppll- ci~~ion made \\llhin tlte period during which the pledge would have bee11 redeemable, to pay the value of the pledge. aftcr deducting the amount of the principal and in~eresl. Explo~rrrriurr.--For thc purpose of this hub- scctlon, the value of the pledge shall be its estimated v ~ ~ l u t . (if any) cutercd in the pledge book at the tin;< of the pawn together with interest on the amount of the principal and shall in no case be less tlzail thc asgregatc of the amount of t lle principal and interest arid twenty-Hvc per cent on the amount of the principal. (2) A pawnbroker shall be urliitlcd to instir' to ~lle extclit PI' the valiie so estimated. - -- I This section was inserted by section 11 of the Tamil Nadlc Indebted Persons (Tempora Relief)Act, 1975 (Tamil Nadu Act 48 of 1975) , whicl~ WibP deemgto have been in forn on and froin tl~e 22nd July 1975 up to and inclusive ofthe 15th January 1976. 2 Thesc words werc wbslityted fur tlw words "whcrc: a pledge is dcsrro ed or damaged by or III consequencu of fire" by section I:) of the '&mil Nadu Pawnbrokers (Amendment) Act, 1961 (Taul, Nadu Act 31 of 1961). \ - "Sf- , '* "k ". . s, 1943: T.N. Act XXITI] Pawnbrokers