https://www.taxtmi.com/manuals?id=6639 A pledge is a bailment of personal or movable property delivered to a creditor as security for an obligation; possession passes to the pledgee who acquires a special property enabling detention until repayment. If the transaction's purpose is security only, courts treat it as a pledge despite its form. The pawnee has possessory and limited equitable rights but not absolute ownership and hence no proprietary power of foreclosure beyond the rights expressly granted. en-us Mon, 30 Dec 2024 18:07:00 +0530 Mon, 07 Jul 2025 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6639 A pledge is a bailment of personal or movable property delivered to a creditor as security for an obligation; possession passes to the pledgee who acquires a special property enabling detention until repayment. If the transaction's purpose is security only, courts treat it as a pledge despite its form. The pawnee has possessory and limited equitable rights but not absolute ownership and hence no proprietary power of foreclosure beyond the rights expressly granted. Manuals Indian Laws Mon, 30 Dec 2024 18:07:00 +0530 https://www.taxtmi.com/manuals?id=6639