Section 177 Indian Contract Act 1872
Section 177 of the Indian Contract Act 1872 is about Defaulting pawnor’s right to redeem. It is under “Bailments of pledges” of CHAPTER IX of the Act. CHAPTER IX is titled OF BAILMENT.
Defaulting pawnor’s right to redeem
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.
Section 176 Indian Contract Act 1872 (Pawnee’s right where pawnor makes default)