Section 43 of the Sale of Goods Act, 1930, provides that '(1) subject to the provisions of this Act, the unpaid seller of goods who is in possession of them is entitled to retain possession of them until payment or tender of the price in the following cases: (a) where the goods have been sold without any stipulation as to credit; (b) where the goods have been sold on credit, but the term of credit has expired; (c) where the buyer becomes insolvent. (2) The seller may exercise his right of lien notwithstanding that he is in possession of the goods as agent or bailee for the buyer.' This section outlines the seller's right to retain possession of goods until full payment is made, under specific conditions such as when no credit terms were agreed upon, when credit terms have expired, or when the buyer becomes insolvent.
Sale of Goods Act, 1930
धारा 43
Seller's lien
Englishहिंदी
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Statutory Content of Section 43
Indian StandardSection 43, Sale of Goods Act, 1930
Bluebook (21st ed.)Sale of Goods Act, 1930, § 43 (India)
Court Pleading StandardSection 43 of the Sale of Goods Act, 1930
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