https://www.taxtmi.com/caselaws?id=156892 Mandatory deposit and payment requirements for a court auction sale under Order XXI CPC must be strictly complied with. Immediate deposit of 25 per cent of the purchase money and payment of the balance within the prescribed time were treated as essential conditions of a valid sale, and the court could not permit set-off beyond the rule or invoke inherent powers to bypass the Code. Non-compliance meant no completed sale came into legal existence, so the proceedings were ineffective as a nullity rather than a mere irregularity challengeable under the setting-aside provisions. en-us Wed, 14 Apr 1954 00:00:00 +0530 Wed, 10 Sep 2014 08:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156892 Mandatory deposit and payment requirements for a court auction sale under Order XXI CPC must be strictly complied with. Immediate deposit of 25 per cent of the purchase money and payment of the balance within the prescribed time were treated as essential conditions of a valid sale, and the court could not permit set-off beyond the rule or invoke inherent powers to bypass the Code. Non-compliance meant no completed sale came into legal existence, so the proceedings were ineffective as a nullity rather than a mere irregularity challengeable under the setting-aside provisions. Case-Laws Indian Laws Wed, 14 Apr 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156892