Reviewed case brief
Lallan Prasad v. Rahmat Ali
AIR 1967 SC 1322
The Supreme Court held that a pledgee's right to sell under S.176 of the Indian Contract Act is conditional on giving reasonable notice to the pledgor. Sale without notice renders the pledgee liable for wrongful conversion.
- Court
- Supreme Court of India
- Year
- 1967
- Subjects
- Law of Contract I
- Reviewed
- 2026-06-29
Rule established
Pledgee must give reasonable notice before selling pledged goods under S.176; sale without notice is wrongful
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
AIR Online
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.