State Act
14
Section 14. Compensation for depreciation of pledge.
THE KARNATAKA PAWNBROKERS ACT, 1961
Act no. 13 of 19621961In forceKarnataka (State Act)
14. Compensation for depreciation of pledge.—If a person entitled and offering 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 wrongful act of the pawnbroker, 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 pawnbroker, or shall be paid by the pawnbroker (as the case requires) in such manner as the Court directs.