If a person entitled to redeem a Pledge shows to the satisfaction of a Civil Court having jurisdiction to entertain a suit for such redemption that the pledge has become or has been rendered of less value than it was at the time of pawning thereof by or through the default, neglect or wilful misbehavior of the Pawn Broker, the Court may if it thinks fit, award reasonable compensation to the owner of the pledge in respect of the damage, and the amount awarded shall be deducted from the amount payable to the Pawn Broker, or shall be paid by the Pawn Broker (as the case requires) in such manner as the Court directs.
Section 15: Compensation for depreciation of pledge.
The Telangana Pawn Brokers Act, 2002.State Act of Telangana · Act 6 of 2002
Where this provision sits
| Act | The Telangana Pawn Brokers Act, 2002. |
|---|---|
| Section | 15 |
| Marginal note | Compensation for depreciation of pledge. |
| Jurisdiction | State of Telangana |
| Status | In force as published by the source |
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