Rule 72 of CPC : Rule 72: Decree-holder not to bid for or buy property without permission. Where decree-holder purchases, amount of decree may be taken as payment.
CPC
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Explanation using Example
Example 1:
Scenario: Rajesh has a decree against Suresh for a debt of ₹5,00,000. Suresh's property is being auctioned to satisfy the decree.
- Without Permission: Rajesh wants to bid for Suresh's property at the auction. However, he does not seek the court's permission and wins the bid at ₹4,00,000. Suresh learns about this and applies to the court to set aside the sale because Rajesh did not have permission to bid. The court agrees with Suresh and sets aside the sale. Rajesh is now responsible for any costs associated with the application and the re-sale of the property.
- With Permission: Rajesh seeks and obtains the court's permission to bid at the auction. He...
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