Amendment status not verified — confirm the current text below against the official source.
(1) Where a sale of mortgaged property has become abso= lute under section 134 and the sale proceeds have been received in full by the Land Development Bank, the bank shall grant a certificate to the purchaser in the prescribed form, certifying the property sold, and sale price, the date of its sale, the name of the person who at the 57 Confirmation of sale, Disposal of Bale p-'oceeds. Certificate to purchaser, delivery of property and title of purehaooi'. 58 Recovery of loans on certificate by Registrar; time of the sale is declared to be the purchaser, and the date on Which the sale became absolute ; and upon the production of such certificate the Sub-Registrar appointed under the Indian Registration Act, 1908, within the limits of whose jurisdiction the whole 01' any part of the property specified in the certificate is situated, shall enter the con- tents of such certificate in his register rel’ating to immovable property. (2) (a) Where the mortgaged property sold in the occupancy of the mortgagor, or of some person on his behalf or some persons claim 311ng under a title created by the mortgager, subsequent to the mort- gage in favour of the State Land Development Bank or a Land Deve- lopment Bank and a certificate in respect thereon has been granted under the foregoing sub-seetion the Revenue Officer shall, on the application of the purchaser, order delivery to be made by putting such purchaser or any person who he may appoint to receive delivery, on his behalf, in poseession of the property. (1)) Where the property sold is in the occupancy of a tenant or other person entitled to occupy the Same, and a certificate in respect thereof has been granted upon the feregoing sub-sectien, the Revenue Officer, shall, on the application of the purchaser and after notiee to eunh tenants or other person, order the deliVery to be made by affixing copy of the certificate of sale in a conspicuous place on the property and preclaimingto the occupant by heat of drum or other customary mode at some convenient place, that the right title and interest of the mortgagor have been transferred to the purchaser. (3) Where any property is sold in the exercise or purported exera eise of a power of sale under section 133% the title of the purchaSer shall not be questioned on the ground that the circumstances required for authorising the sale had not arisen, or due notice of the sale was not given, or the poWer of sale was otherwise improperly or irregularly exercised : Provided that, any person who sufi‘ers damage on account of nna authorised, improper or irregular exercise of such povver shall have a remedy in damages against the Land Development Bank.