Section 13: Liability of pawnbroker in case of fire

The Puducherry Pawnbrokers Act, 1966Union territory Act of Puducherry · Act 11 of 1966

(1) Where a pledge is lost by theft or is destroyed or damaged by or in consequence of fire, the pawnbroker shall nevertheless be liable on application made within the period during which the pledge would have been redeemable to pay the value of the pledge, after deducting the amount of the principal and interest.

Explanation. – For the purpose of this sub-section, the value of the pledge shall be its estimated value (if any) entered in the pledge book at the time of the pawn together with interest on the amount of the principal and shall in no case be less than the aggregate of the amount of the principal and interest and twenty-five per cent on the amount of the principal.

(2) A pawnbroker shall be entitled to ensure to the extent of the value so estimated.

Where this provision sits

Act	The Puducherry Pawnbrokers Act, 1966
Section	13
Marginal note	Liability of pawnbroker in case of fire
Jurisdiction	Union territory of Puducherry
Status	In force as published by the source

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