Rule 77 of CPC : Rule 77: Sale by public auction.
CPC
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Explanation using Example
Example 1:
Rajesh owes money to Suresh and fails to repay the debt. Suresh takes Rajesh to court and wins a decree for the amount owed. Rajesh has a collection of antique furniture, which the court orders to be sold to satisfy the debt. The court arranges a public auction for the sale of the furniture.
- During the auction, each piece of furniture (movable property) is sold as a separate lot.
- A bidder named Anil wins a lot by bidding ₹50,000 for an antique chair.
- Anil is required to pay the ₹50,000 immediately or as directed by the auction officer.
- Anil pays the amount on the spot, and the auction officer gives him a receipt ...
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