Medha Navami, OP Jindal Global University
ABSTRACT
This paper seeks to describe in depth the notion of Contract of Pledge by going deep into the principles and concepts of pledges, and also how a Contract of Pledge operates, how the Contract of Pledge differs from seemingly comparable notions and the latest question of whether the pledging of demat shares is enforceable under the Indian Contract Act. The following research article begins by briefly defining a pledge contract, followed by a discussion of its qualities that contribute to its uniqueness.
In addition, certain case laws are interwoven in this study article to provide a full grasp of the real implementation of the Contract of Pledge. Later sections of the text differentiate between Pledge and other notions like as hypothecation, and finally dealing the issue of enforcement of pledge of listed shares under Indian Contract Act.
