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Rakesh Kamath (student)     24 September 2011

Robbery of gold kept as security

What happens to the gold that was kept as security for gold loans in the case of a robbery?the liability will be  comes to the head of the firrm or not?

 2 Replies

anil kumar (service)     25 September 2011

Yes. There is no doubt on that.

Kumar Doab (FIN)     25 September 2011

You must be having the receipt of gold kept as security. You can inquire about your gold since you have learnt about robbery.

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