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    <title>2012 (12) TMI 1033 - Supreme Court</title>
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    <description>Order 21 Rule 84 requires payment of the auction deposit with reasonable promptness in the circumstances, and payment by demand drafts in a high-value auction was treated as sufficient compliance. Order 21 Rule 85 was also satisfied because the balance was paid within the statutory period, so the sale was not vitiated. Relief under Order 21 Rule 89 is available only on strict compliance with the mandatory deposit requirement within time, and Rule 92(2) does not permit a belated attempt to defeat confirmation of sale after the permissible period has expired. The commentary therefore treats the judgment debtor&#039;s late application and offer to deposit as ineffective against confirmation of the execution sale.</description>
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    <pubDate>Mon, 03 Dec 2012 00:00:00 +0530</pubDate>
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      <title>2012 (12) TMI 1033 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=178320</link>
      <description>Order 21 Rule 84 requires payment of the auction deposit with reasonable promptness in the circumstances, and payment by demand drafts in a high-value auction was treated as sufficient compliance. Order 21 Rule 85 was also satisfied because the balance was paid within the statutory period, so the sale was not vitiated. Relief under Order 21 Rule 89 is available only on strict compliance with the mandatory deposit requirement within time, and Rule 92(2) does not permit a belated attempt to defeat confirmation of sale after the permissible period has expired. The commentary therefore treats the judgment debtor&#039;s late application and offer to deposit as ineffective against confirmation of the execution sale.</description>
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      <pubDate>Mon, 03 Dec 2012 00:00:00 +0530</pubDate>
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