Indian Contract Act, 1872 · Chapter IX: Of Bailment · Bailments of pledges
Section 172: "Pledge", "Pawnor" and "Pawnee" defined
The bailment of goods as security for payment of a debt or performance of a promise is called "pledge". The bailor is in this case called the "pawnor". The bailee is called the "pawnee".
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.
Supreme Court judgments citing the section 172
- M/S Vistra Itcl (India) Ltd v. Mr. Dinkar
- Ptc India Financial Services Limited v. Venkateswarlu Kari and Another
- Infrastructure Leasing & Financial Services Limited v. B.P.L. Limited
- Maharashtra State Co-Operative Bank Ltd. v. The Assistant Provident Fund Commissioner and Ors.
- Union of India & Ors. v. Sicom Ltd. & Anr.
- Central Bank of India v. Siriguppa Sugars & Chemicals Ltd. & Ors.
- O. Konavalov v. Commander, Coast Guard Region and Ors.
- Associated Timber Industries and Ors. v. Central Bank of India and Anr.
- Vimal Chandra Grover v. Bank of India
- Standard Chartered Bank and Anr. Etc. v. Custodian and Another Etc.
- Karnataka Pawn Brokers Asson. and Ors. Etc. v. State of Karnataka and Ors.