Bare ActsCode of Civil Procedure, 1908 (CPC)

Section OXXXIV-R3

Decree in suit for sale

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

(i) In a suit for sale, if the plaintiff succeeds, the Court shall pass a decree to the effect mentioned in clauses (a) and (b) (i) of sub-rule (1) of Rule 2 and also directing that, in default of the defendant paying as therein mentioned, the mortgaged property or a sufficient part thereof be sold, and that the proceeds of the sale (after deducting therefrom the expenses of the sale) be applied in payment of what is declared due to the plaintiff as aforesaid, together with subsequent interest and subsequent costs, and that the balance, if any, be paid to the defendant or other persons entitled to receive the same, and that, in case the net proceeds of such sale be insufficient to pay the amount due to the plaintiff the balance, if legally recoverable from the defendant otherwise than out of the property sold be paid by the defendant personally. (ii) In a suit for foreclosure, if the plaintiff succeeds and the mortgage is an anomalous mortgage, the Court may, at the instance of the plaintiff or of any other person interested either in the mortgage money or in the right of redemption, pass a like decree (in lieu of a decree for foreclosure) on such terms as it thinks fit, including the deposit in Court of a reasonable sum fixed by the Court to meet the expenses of the sale and to secure the performance of the terms. (iii) Where, in a suit for sale or a suit for foreclosure in which sale is ordered, subsequent mortgagees or persons deriving title from, or subrogated to the rights of, any such mortgagees are joined as parties, the Court shall adjudicate upon the respective rights and liabilities of all the parties to the suit in the manner and form set forth in Form No.9, Form No. 10 or Form No.11, as the case may be, of Appendix D with such variations as the circumstances of the case may require.

Section OXXXIV-R3 – Code of Civil Procedure, 1908 (CPC) | DailyLaw.ai