Prohibition on deposits or bank guarantees to prove bona fides of post-sale purchase offers; such measures should not be required. Authorities should not require a complainant or any person offering to purchase a property after registration to make a deposit or furnish a bank guarantee solely to demonstrate the bona fides of the offer, because such post-sale deposits do not reliably establish the market value on the date of registration and may create unnecessary complications.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prohibition on deposits or bank guarantees to prove bona fides of post-sale purchase offers; such measures should not be required.
Authorities should not require a complainant or any person offering to purchase a property after registration to make a deposit or furnish a bank guarantee solely to demonstrate the bona fides of the offer, because such post-sale deposits do not reliably establish the market value on the date of registration and may create unnecessary complications.
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