Order 21 Rule 84:- Deposit by purchaser and re-sale on default.

Deposit by purchaser and re-sale on default. – (1) On every sale of immovable property the person declared to be the purchaser shall pay immediately after such declaration a deposit of twenty-five per cent, on the amount of his purchase-money to the officer or other person conducting the sale, and in default of such deposit, the property shall forthwith be re-sold.
(2) Where the decree-holder is the purchaser and is entitled to set-off the purchase-money under rule 72, the Court may dispense with the requirements of this rule.

 

For Complete Code of Civil Procedure, 1908 Bare Act. Click here.

 

 

Are you Looking for a Legal Professional? Click here

OR

Are you a LawyerRegister here to get published on Advocate Finder, an open platform for lawyers.

Leave a Reply

Your email address will not be published. Required fields are marked *