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        Indian Laws

        A Co operative Court award operates as a money decree...

        Auction Deposit Requirement: failure to pay the balance within the prescribed period voids sale confirmation and mandates fresh auction.

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                          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.
                                A Co operative Court award operates as a money decree enforceable like a civil decree, rendering the judgment debtor's property liable to attachment and sale; its executory effect could not be collaterally impugned once the order rejecting a belated set aside had become final. Revisionary jurisdiction under the statute is maintainable to examine confirmation of sale despite parallel rule remedies; the revisional forum may annul confirmation. Clauses (g) and (h) of Rule 107(11) impose a mandatory auction deposit regime, and failure to pay the balance within the prescribed period vitiated the sale confirmation. Remedy ordered: sale and confirmation set aside, fresh auction under Rule 107(11)(j), refund of purchaser's deposit with interest, rights to compromise preserved.
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