Science and Education in Karakalpakstan issn 2181-9203 Science Magazine chief editor

Science and Education in Karakalpakstan. 2023 №2/1 ISSN 2181-9203 
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According to the content of the legislation set out in paragraph 13 of the resolutions of the 
Plenum of the Supreme Court of the Republic of Uzbekistan and the Plenum of the Supreme 
Economic Court of the Republic of Uzbekistan "On certain issues of the application of civil 
legislation to ensure the fulfillment of obligations arising from credit agreements", any real 
obligation under the law can be secured by collateral, it is clear that other production assets 
(securities, cash, property rights, etc.) can be a pledge.
According to article 3 of the Law of the Republic of Uzbekistan "On Pledge", which states 
that the deposit will be made in accordance with the contract or legislation, article 11 establishes 
that the pledge agreement must be concluded in writing[2].
Unless otherwise provided by the contract, the pledge ensures the amount of the claim at the 
time of its satisfaction, in particular interest, penalty, compensation for damage caused by the delay 
in execution, as well as the necessary expenses of the pledger for the storage of the pledged 
property and recovery costs specified in Article 268 of the Civil Code.
The right of pledge arises from the moment of conclusion of the pledge agreement or, if the 
contract is subject to notarization, from the moment of notarization, and if the contract is subject to 
registration, from the moment of its registration. Basharti, if the pledge item must be held by the 
pledgor in accordance with the law or the contract, the right of pledge must arise from the moment 
of transfer of the pledge item to him, basharti, if such transfer occurred before the conclusion of the 
contract — from the moment of conclusion of the contract. 
In most cases of civil cases considered in courts on disputes arising in connection with a 
loan agreement, when a claim is filed by a bank or other credit organizations (creditors), evidence is 
presented to the court confirming the conclusion of a loan agreement (loan agreement, pledge, 
guarantee, concluded in writing), as well as violation by the borrower of the established loan 
agreement the repayment period of the loan and interest on it, as well as due to his presence in 
court. The defendants (borrowers), on the other hand, acknowledged the claim in some cases, but 
did not recognize the claim in some cases and stated that they had paid the debt, without denying 
that they had received the loan, citing the absence of overdue graphic debt. But they did not provide 
the court with evidence confirming their guilt, and also in some cases additional defendants 
objected to the fact that the recovery was collected from the guarantors in solidarity and was 
directed to the collateral. 
For example, the statement of claim of the Administration of the Republic of 
Karakalpakstan of the Chamber of Commerce and Industry of Uzbekistan for the recovery of debt 
under a loan agreement against plaintiffs XXX defendants XXX, XXX and XXX was satisfied by 
the decision of the XXX interdistrict court for civil cases dated May 25, 2022 from defendants 
XXX in solidarity to recover 42,312,466 soums in favor of the bank., foreclosure at the expense of 
the defendant in the pledge XXX “cobalt", the orientation to the car is indicated. The decision of 
this court was left unchanged by the decision of the Collegium for Civil Cases of the XXX court of 
July 29, 2022. 
The reason is that, in accordance with part 1 of Article 744 of the Civil Code of the Republic 
of Uzbekistan, under a loan agreement, one party -a bank or another credit institution (lender) -
provides the other party (borrower) with funds (loan) in the amount and on the terms stipulated by 
the agreement, and the borrower returns the amount of money received and interest for her. 
obligation to pay. 
Also, according to Part 2 of Article 736 of this Code, in case of violation by the borrower of 
the deadline for repayment of the next part of the debt, if the loan agreement provides for repayment 
of the debt in installments (in installments), the lender has the right to demand early repayment of 
the entire remaining loan amount together with the corresponding interest. 
Judging by the documents of the case, between the bank and the defendant XXX 

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