Rule 72A of CPC : Rule 72A: Mortgagee not to bid at sale without the leave of the Court.

Explanation using Example

Example 1:

Scenario: Rajesh is a mortgagee who has lent money to Suresh against Suresh's immovable property. Suresh fails to repay the loan, and Rajesh obtains a court decree to sell the property to recover his money.

Application of Rule 72A: Rajesh wants to bid for the property himself during the auction to ensure he gets his money back. However, according to Rule 72A, Rajesh cannot bid for or purchase the property without the court's permission.

Steps:

1. Rajesh applies to the court for permission to bid at the auction.
2. The court reviews Rajesh's application and decides to grant him leave to bid.
3. The court sets a reserve price for the property, which is the minimum amount Rajesh must bid. This reserve price is at least the to...

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