https://www.taxtmi.com/caselaws?id=16111 Persons who were neither defaulters nor purchasers lacked locus standi to challenge a private sale completed under Rule 66 of the Second Schedule, because the negotiated-sale procedure is self-contained and does not confer rights on outsiders without a legal interest in the property. The thirty-day rule for keeping a sale open applies to public-auction sales, not to a sale expressly authorised and completed under Rule 66. Where the defaulter acted within the period fixed in the certificate and the consideration was deposited and confirmed in accordance with the rule, the sale confirmation remained valid and could not be set aside on the thirty-day ground. en-us Sat, 25 Apr 1998 00:00:00 +0530 Tue, 01 Sep 2009 12:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16111 Persons who were neither defaulters nor purchasers lacked locus standi to challenge a private sale completed under Rule 66 of the Second Schedule, because the negotiated-sale procedure is self-contained and does not confer rights on outsiders without a legal interest in the property. The thirty-day rule for keeping a sale open applies to public-auction sales, not to a sale expressly authorised and completed under Rule 66. Where the defaulter acted within the period fixed in the certificate and the consideration was deposited and confirmed in accordance with the rule, the sale confirmation remained valid and could not be set aside on the thirty-day ground. Case-Laws Income Tax Sat, 25 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16111