Section 163 – THE INDIAN CONTRACT ACT, 1872

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.

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Practice area's of B K Goyal & Co LLP

Company Registration Services in major cities of India

Complete CA Services

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