https://www.taxtmi.com/caselaws?id=285183 A loan secured by pledge of shares was found proved, with the borrower's receipt of the advance established and the dispute confined to repayment terms and interest. Notice dated 14 January 2002 was treated as duly served through proper dispatch and returned postal endorsements showing non-claim or non-receipt. The pawnee's right to sell pledged shares was upheld because reasonable notice had been given and the sale was not shown to be improper; the general duty to mitigate damages did not override pledge rights. Alleged settlement letters were not proved to have been received, and the balance principal remained recoverable with interest and costs after adjusting sale proceeds. en-us Thu, 19 Mar 2015 00:00:00 +0530 Wed, 01 Jan 2020 14:30:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285183 A loan secured by pledge of shares was found proved, with the borrower's receipt of the advance established and the dispute confined to repayment terms and interest. Notice dated 14 January 2002 was treated as duly served through proper dispatch and returned postal endorsements showing non-claim or non-receipt. The pawnee's right to sell pledged shares was upheld because reasonable notice had been given and the sale was not shown to be improper; the general duty to mitigate damages did not override pledge rights. Alleged settlement letters were not proved to have been received, and the balance principal remained recoverable with interest and costs after adjusting sale proceeds. Case-Laws Indian Laws Thu, 19 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285183