Indian Contract Act, 1872 · Chapter IX: Of Bailment · Bailments of pledges
Section 177: Defaulting pawnor's right to redeem
In plain words
A pawnor who misses the agreed time for payment or performance can still redeem the goods at any time before they are actually sold, but must also pay any expenses caused by the default.
A simplified explanation, prepared with AI assistance from the official text below and checked automatically against it for numbers and cross-references. The official text is the law and prevails over this summary. Not legal advice.
Official text
If a time is stipulated for the payment of the debt, of performance of the promise, for which the pledge is made, and the pawnor makes default in payment of the debt or performance of the promise at the stipulated time, he may redeem the goods pledged at any subsequent time before the actual sale of them1 ; but he must, in that case, pay, in addition, any expenses which have arisen from his default.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.