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    <title>Recovery by sale of movable or immovable property.</title>
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    <description>Recovery of dues by sale of movable and immovable property authorises attachment or distraint of the defaulter&#039;s property, prohibition of transactions, notice of sale, auction or e-auction, and special sale through a broker for negotiable instruments or shares. The proper officer may regulate bidder participation by pre-bid deposit, investigate claims or objections to attachment, release property where it is not the defaulter&#039;s property, and proceed with sale where the claim fails. On payment by the successful bidder, a transfer certificate is issued and rights, title and interest pass to the bidder, subject to payment of transfer-related duties and fees.</description>
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    <pubDate>Wed, 05 Jul 2017 15:37:06 +0530</pubDate>
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      <link>https://www.taxtmi.com/acts?id=29800</link>
      <description>Recovery of dues by sale of movable and immovable property authorises attachment or distraint of the defaulter&#039;s property, prohibition of transactions, notice of sale, auction or e-auction, and special sale through a broker for negotiable instruments or shares. The proper officer may regulate bidder participation by pre-bid deposit, investigate claims or objections to attachment, release property where it is not the defaulter&#039;s property, and proceed with sale where the claim fails. On payment by the successful bidder, a transfer certificate is issued and rights, title and interest pass to the bidder, subject to payment of transfer-related duties and fees.</description>
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