Bare ActsCode of Civil Procedure, 1908 (CPC)

Section OXXI-R84

Deposit by purchaser and re-sale on default

Amendment status not verified — confirm the current text below against the official source.

(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.

Section OXXI-R84 – Code of Civil Procedure, 1908 (CPC) | DailyLaw.ai