https://www.taxtmi.com/caselaws?id=197636 A pledgee's power of sale remains subject to the mandatory requirement of reasonable notice under Section 176, and a contractual term cannot waive that statutory protection; the sale was therefore not upheld on the basis of waiver. Where the plaintiff was shown to be executrix under a will, she could not disregard the will and sue as heir as on intestacy, and probate was necessary where applicable to establish her title to sue. A bare suit for declaration and injunction was not the proper form of relief for an alleged wrongful sale of pledged shares, the appropriate remedies being redemption or damages for conversion; the suit as framed was held not maintainable. en-us Sat, 17 Oct 1959 00:00:00 +0530 Thu, 11 Jan 2018 13:03:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197636 A pledgee's power of sale remains subject to the mandatory requirement of reasonable notice under Section 176, and a contractual term cannot waive that statutory protection; the sale was therefore not upheld on the basis of waiver. Where the plaintiff was shown to be executrix under a will, she could not disregard the will and sue as heir as on intestacy, and probate was necessary where applicable to establish her title to sue. A bare suit for declaration and injunction was not the proper form of relief for an alleged wrongful sale of pledged shares, the appropriate remedies being redemption or damages for conversion; the suit as framed was held not maintainable. Case-Laws Indian Laws Sat, 17 Oct 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197636