LAW FOR ALL

the law applicable to cases of a pledge that the creditor has two rights which are concurrent, and the right to proceed against the property pledged is not merely accessory to the right to proceed against the debtor personally. For the pledge may have a right to sue for sale of the property even in the absence of a right to sue for a personal decree. The same principles would apply to the case of hypothecation or mortgages of moveable property."= CIVIL APPEAL NO. 2701 OF 2006 Infrastructure Leasing & Financial Services Limited ... Appellant Versus B.P.L. Limited ... Respondent