Order XXI Rule 84: Deposit by purchaser and re sale on default
The Code of Civil Procedure · Code of Civil Procedure · Order XXI · in_force
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(1) On every sale of immoveable 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.
Effective date: 1909-01-01
Related sections
Order XXI Rule 83: Postponement of sale to enable judgment debtor to raise amount of decreeOrder XXI Rule 85: Time for payment in full of purchase moneyOrder XXI Rule 82: What Courts may order salesOrder XXI Rule 86: Procedure in default of paymentOrder XXI Rule 80: Transfer of negotiable instruments and sharesOrder XXI Rule 87: Notification on re sale
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