Section 173 Indian Contract Act 1872
Section 173 of the Indian Contract Act 1872 is about Pawnee’s right of retainer. It is under “Bailments of pledges” of CHAPTER IX of the Act. CHAPTER IX is titled OF BAILMENT.
Pawnee’s right of retainer
The pawnee may retain the goods pledged, not only for payment of the debt or the performance of the promise, but for the interest of the debt, and all necessary expenses incurred by him in respect of the possession or for the preservation of the goods pledged.
Section 172 Indian Contract Act 1872 (“Pledge”, “Pawnor” and “Pawnee” defined)