https://www.taxtmi.com/caselaws?id=197626 A completed sale of pledged shares was treated as proved where the surrounding documents, conduct and accounting entries showed an actual transfer to Jamnadas for an ascertained price, so title passed to him. The note further states that a pledgee may sell only in compliance with section 176 of the Indian Contract Act, including notice to the pledgor, and a purchaser cannot obtain a better title than the pledgee unless protected as a bona fide purchaser without notice. On the facts described, the absence of notice and knowledge of the bank's limited title meant the later purchaser could not defeat the Official Assignee's right of redemption. en-us Fri, 06 May 1949 00:00:00 +0530 Thu, 11 Jan 2018 11:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197626 A completed sale of pledged shares was treated as proved where the surrounding documents, conduct and accounting entries showed an actual transfer to Jamnadas for an ascertained price, so title passed to him. The note further states that a pledgee may sell only in compliance with section 176 of the Indian Contract Act, including notice to the pledgor, and a purchaser cannot obtain a better title than the pledgee unless protected as a bona fide purchaser without notice. On the facts described, the absence of notice and knowledge of the bank's limited title meant the later purchaser could not defeat the Official Assignee's right of redemption. Case-Laws Indian Laws Fri, 06 May 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197626