Court rules bank must pay full jewellery value after pledged gold stolen in robbery
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·1 viewsA legal case has established what compensation a borrower is entitled to when gold jewellery pledged for a loan is stolen from a bank. The central dispute was whether the bank's liability should cover only the raw metal value or also include making charges and the value of any embedded stones. The borrower argued that the jewellery's full worth — beyond just its gold content — should be reimbursed. The court ultimately ruled in favour of the borrower, setting a precedent for how banks must value and compensate pledged jewellery in the event of theft.
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