Amendment status not verified — confirm the current text below against the official source.
(1) When an immovable property is put up for sale at the time and place specified in the notice under clause (2) of Section 49 for the recovery of arrears of public revenue due on land, if there be no bid or if the highest bid be insufficient to cover the said arrears and those subsequently accruing due upto the date of sale, together with interest and cost of process, the officer conducting the sale shall postpone the sale to another date which shall not be later than sixty days from the date of the first sale and give notice of the subsequent sale as required under clause (4) of Section 49. (2) When the property is put up for sale on the date to which it was postponed under sub-section (1) at the time and place specified in the notice,-- (i) if there be no bid, the officer conducting the sale may purchase the property [on behalf of the Government or the institution notified under section 71 of this Act for an amount of one rupee] (ii) if the highest bid be insufficient to cover the arrears referred to in sub-section (1) and those subsequently accruing due upto the date of the sale and interest and cost of process, such officer may bid [on behalf of the Government or the institution notified under section 71 of this Act, as the case may be, for an amount higher than such bid by one rupee], and in either case the Government [or the institution notified under section 71 of this Act] shall acquire the property subject to the provisions of this Act. (3) The provisions of clause (3) of Section 49 and Section 84 shall not apply to cases where immovable property is purchased on behalf of the Government [or the institution notified under Section 71 of this Act] under this section. (4) Notwithstanding anything contained in this Act, after the confirmation of the sale, all the right, title and interest of the defaulter, purchased on behalf of the Government [or the institution notified under section 71 of this Act], shall be deemed to have vested in the Government from the date of purchase and if the defaulter is in actual possession of the property or if he is entitled to possession, the Collector or the authorised officer shall, immediately after the confirmation of the sale, take possession of the property [and if the property is purchased under this section on behalf of the institution notified under section 71 of this Act, possession of the property shall be handed over to such institution and appropriate changes shall be effected in the revenue records, after realizing the collection or processing charges, as the case may be, from such institution.] If the Collector or the authorised officer is opposed or impeded in taking possession, he shall, if a Magistrate, enforce the surrender of the land to himself and, if not a Magistrate, he shall apply to a Magistrate, and such Magistrate shall enforce the surrender of the land to the Collector or the authorised officer as the case may be. [(5) When a property is purchased as bought-in-land, necessary changes are to be made in the revenue records and the same shall be intimated to the defaulter and to the sub-registry office concerned in the prescribed form. (6) When an immovable property is purchased on behalf of the Government or any institution notified under section 71 of this Act, the Collector shall calculate the value of the property in accordance with the provisions contained in clause (b) of sub-section (1) of section 26 and section 27 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (Central Act 30 of 2013). If the value so calculated is not sufficient to discharge the arrear dues and the interest thereon and other charges, it shall be deducted from such dues and the deficit amount shall be continued as arrear and if the value so calculated exceeds such dues, the balance amount shall be paid over to the defaulter after liquidating such dues, in such manner as may be prescribed.] Substituted by Act 17 of 2024 No. 32/Leg.B2/2024/Law. published in K.G.Ext. No. 2415 dt. 26/07/2024 (w.e.f. 26/07/2024). Prior to the Substitution it read as "Bidding on behalf of Government" Substituted by Act 17 of 2024 No. 32/Leg.B2/2024/Law. published in K.G.Ext. No. 2415 dt. 26/07/2024 (w.e.f. 26/07/2024). Prior to the Substitution it read as "on behalf of the Government for an amount of ten paise;" Substituted by Act 17 of 2024 No. 32/Leg.B2/2024/Law. published in K.G.Ext. No. 2415 dt. 26/07/2024 (w.e.f. 26/07/2024). Prior to the Substitution it read as "on behalf of the Government for an amount higher than such bid by ten paise" Inserted by Act 17 of 2024 No. 32/Leg.B2/2024/Law. published in K.G.Ext. No. 2415 dt. 26/07/2024 (w.e.f. 26/07/2024). Inserted by Act 17 of 2024 No. 32/Leg.B2/2024/Law. published in K.G.Ext. No. 2415 dt. 26/07/2024 (w.e.f. 26/07/2024). Inserted by Act 17 of 2024 No. 32/Leg.B2/2024/Law. published in K.G.Ext. No. 2415 dt. 26/07/2024 (w.e.f. 26/07/2024). Inserted by Act 17 of 2024 No. 32/Leg.B2/2024/Law. published in K.G.Ext. No. 2415 dt. 26/07/2024 (w.e.f. 26/07/2024). Inserted by Act 17 of 2024 No. 32/Leg.B2/2024/Law. published in K.G.Ext. No. 2415 dt. 26/07/2024 (w.e.f. 26/07/2024).