Indian Contract Act — Section 163
Bailor entitled to increase or profit from goods bailed.—In the absence of any contract to the
163. Bailor entitled to increase or profit from goods bailed.—In the absence of any contract to the contrary, the bailee is bound to deliver to the bailor, or according to his directions, any increase or profit which may have accrued from the goods bailed.
Illustration
A leaves a cow in the custody of B to be taken care of. The cow has a calf. B is bound to deliver the calf as well as the cow
to A.
Follow cited cases · Browse courts and years · Research topics
Judgments citing Section 163
- Kotak Securities Limited v. Gajanan Ramdas Rajguru
- Ashok Motiram Patil v. L.I.C. Housing Finance Limited
- M/s.R.K.Jewellers. v. Union of India
- 1063 PTC INDIA FINANCIAL SERVICES LIMITED v. VENKATESWARLU KARI & Anr.
- STANDARD CHARTERED BANK ETC & Anr. v. CUSTODIAN ETC & Anr.
Text reproduced from the public statutes on which the corpus is built. Verify against the official Gazette before relying on it. This is statute reference, not legal advice.