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    <title>Auction Deposit Requirement: failure to pay the balance within the prescribed period voids sale confirmation and mandates fresh auction.</title>
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    <description>A Co operative Court award operates as a money decree enforceable like a civil decree, rendering the judgment debtor&#039;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&#039;s deposit with interest, rights to compromise preserved.</description>
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    <pubDate>Mon, 02 Mar 2026 08:35:38 +0530</pubDate>
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      <title>Auction Deposit Requirement: failure to pay the balance within the prescribed period voids sale confirmation and mandates fresh auction.</title>
      <link>https://www.taxtmi.com/highlights?id=97310</link>
      <description>A Co operative Court award operates as a money decree enforceable like a civil decree, rendering the judgment debtor&#039;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&#039;s deposit with interest, rights to compromise preserved.</description>
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      <pubDate>Mon, 02 Mar 2026 08:35:38 +0530</pubDate>
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