Supreme Court · 2007 INSC 70 · Decided 23 January 2007
ROSALIV. v. Taico Bank and ORS.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 70 · [2007] 1 S.C.R. 1169
- Case number
- CIVIL APPEAL No. 6129/2000
- Decided
- 23 January 2007
- Bench
- S.B. SINHA, MARKANDEY KATJU (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC Section 21
Headnote
B Code of Civil Procedure, 1908: Order 21 Rule 84-Deposit by purchaser-Immovable property- Auction sale of-Immediate deposit of 25% of purchase money- c Consequences on default-Immovable property sold in auction sale to the highest bidder-As the said sale was conducted at about 4.00 p.m. and to deposit 25% of the sale amount by the next day-Auction purchaser deposited the said amount on the next day and also deposited the full purchase money within the stipulated time D in terms of 0. 21 R. 85-However, the Executing Court set aside the ) auction sale on the grounds that 25% of the
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