Sale of Goods Act, 1930
49. Termination of lien
(1) The unpaid seller of goods loses his lien thereon-
(a) when he delivers the goods to a carrier or
other bailee for the purpose of transmission to the buyer without reserving the
right of disposal of the goods;
(b) when the buyer or his agent lawfully
obtains possession of the goods;
(c) by waiver thereof.
(2) The unpaid seller of goods, having a lien thereon, does not
lose his lien by reason only that he has obtained a decree for the price of the
goods.