Section 586: To return goods collateraled or deposited

1) Except as otherwise provided for in the contract, after the payment of the debt for which the collateral has been taken or after the performance of the promise for which the person’s deposit has been taken, it shall be returned to the concerned.

2) If the collateral or deposit taken under sub-section (1) is or may be divided into different parts, the collateral or deposit may be returned to the extent covered by the respective portion of the debt repaid or the promise performed.