https://www.taxtmi.com/caselaws?id=196198 A pledgee that exercises the power of sale under Section 176 of the Indian Contract Act and sells pledged shares to itself may act without authority, but the self-sale is not necessarily void; the pledgor's right of redemption ends on sale, leaving only remedies such as damages for an improper sale. On the stated facts, the limitation plea against the suit for registration of transfer failed because the enforceable right had already been appropriated and the suit was treated as within time. en-us Wed, 12 Apr 1961 00:00:00 +0530 Thu, 04 Jan 2018 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196198 A pledgee that exercises the power of sale under Section 176 of the Indian Contract Act and sells pledged shares to itself may act without authority, but the self-sale is not necessarily void; the pledgor's right of redemption ends on sale, leaving only remedies such as damages for an improper sale. On the stated facts, the limitation plea against the suit for registration of transfer failed because the enforceable right had already been appropriated and the suit was treated as within time. Case-Laws Indian Laws Wed, 12 Apr 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196198