law: The Warehousing (Development and Regulation) Act, 2007
  14. Transfer of
  
  negotiable warehouse receipts without endorsement. -
  Where a negotiable
  
  receipt is transferred for valuable consideration by delivery, and the
  
  endorsement of the transferor is essential for negotiation, the transferee
  
  acquires a right against the transferor to compel him to endorse the receipt,
  
  unless a contrary intention appears, and the negotiation takes effect as of the
  
  time when endorsement is made.