https://www.taxtmi.com/caselaws?id=196388 In a pledge arrangement, section 176 of the Indian Contract Act gives the pawnee concurrent remedies on default: to sue for the debt while retaining the pledged property, or to sell it after reasonable notice. Clause 6 was treated as a waiver of notice before appropriation, not a mandate to realise the fixed deposits month by month, so the Bank was not bound to adjust each instalment as it fell due. For section 34 CPC, the principal sum adjudged could include contractual interest where the contract so provided and such interest had merged into the amount payable. The award of future interest at 6% per annum was also upheld as not shown to be erroneous. en-us Fri, 10 Sep 1999 00:00:00 +0530 Wed, 29 Nov 2017 15:47:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196388 In a pledge arrangement, section 176 of the Indian Contract Act gives the pawnee concurrent remedies on default: to sue for the debt while retaining the pledged property, or to sell it after reasonable notice. Clause 6 was treated as a waiver of notice before appropriation, not a mandate to realise the fixed deposits month by month, so the Bank was not bound to adjust each instalment as it fell due. For section 34 CPC, the principal sum adjudged could include contractual interest where the contract so provided and such interest had merged into the amount payable. The award of future interest at 6% per annum was also upheld as not shown to be erroneous. Case-Laws Indian Laws Fri, 10 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196388