law: The Warehousing (Development and Regulation) Act, 2007
  9. Special powers of
  
  warehouseman to deal with perishable and hazardous goods. -
  1.  If
  
  the goods are of a perishable or hazardous nature, or their keeping shall
  
  deteriorate greatly in value or damage other property, the warehouseman may
  
  give notice that is reasonable and possible under the circumstances to the
  
  holder of the receipt for the goods, if the name and address of the holder is
  
  known to the warehouseman or if not known to the warehouseman, then, to the
  
  depositor, requiring that person to satisfy the lien on the goods and to remove
  
  them from the warehouse.
  2.  If
  
  the person to whom a notice under sub-section (1) is given, fails to satisfy
  
  the lien and remove the goods within the time specified in the notice, the
  
  warehouseman may sell the goods at public or private sale without advertising.
  3.  The
  
  notice referred to in sub-section (1) may be given by sending it by electronic
  
  mail, speed post or registered post or telegraphically addressed to the person
  
  to whom it is to be given at the last known address of the person and the
  
  notice is deemed to be given on the third day of the mailing.
  4.  If
  
  the warehouseman after a reasonable effort is unable to sell the goods, the
  
  warehouseman may dispose of them in such other manner as he deems proper and
  
  shall incur no liability for that reason.
  5. From
  
  the proceeds of any sale or disposal of goods made under this section, the
  
  warehouseman shall, after satisfying his lien, hold the balance in trust for
  
  the holder of the receipt.
  6. 
  
    No
  
  notice shall be necessary if the warehouseman is satisfied on reasonable
  
  grounds that in the circumstances of the case giving such notices is likely to
  
  cause further prejudice to the goods.
  7. 
  
    If,
  
  at any time, the warehouseman is satisfied that the quality of any fungible
  
  goods or any part thereof has so deteriorated or is so deteriorating that it is
  
  necessary to do so, to protect the holders of negotiable warehouse receipts
  
  from loss and time is not sufficient for him to seek their instructions, he
  
  may, subject to the regulations in this behalf, dispose off the goods or any
  
  part thereof and keep the sale proceeds after satisfying his lien in an escrow
  
  account for the benefit of the holders of receipts.
  8. 
  
    In
  
  case of disposal of fungible goods under sub-section (7), the warehouseman
  
  shall, at the choice of the holder of the receipt, either pay the sale proceeds
  
  or deliver equivalent goods of the same grade, quality and quantity to him.
  9. 
  
    Any
  
  endorsee shall have the right to intimate the address for service recorded with
  
  the warehouseman.