Stay of sale
Full Text
Where before the claim was preferred or the objection was made, the property attached had already been advertised for sale, the Court may—
(a) if the property is movable, make an order postponing the sale pending the adjudication of the claim or objection, or
(b) if the property is immovable, make an order that, pending the adjudication of the claim or objection, the property shall not be sold, or that pending such adjudication, the property may be sold but the sale shall not be confirmed,
and any such order may be made subject to such terms and conditions as to security or otherwise as the Court thinks fit.
Plain English Summary
Authorizes the executing court to stay or postpone scheduled auction sales of attached property pending adjudication of third-party objections under Rule 58, permitting conditional immovable sales with withheld confirmation.
Key Legal Elements
- Pre-condition: Property already advertised/proclaimed for auction before objection was filed.
- Movable Property: Complete postponement of the physical auction.
- Immovable Property Dual Option: (1) Total stay of auction; OR (2) Auction proceeds but sale confirmation is withheld.
- Terms as to Security: Objector often required to furnish solvent security to prevent frivolous delays.
Practical Note
Strategic Use of Stay of Sale: 1. Balance of Equities: When an objector files under Rule 58 just days before the scheduled auction, courts rarely stay the auction outright. Instead, courts invoke Rule 59(b) by allowing the auction to proceed to test market value but staying confirmation of sale under Rule 92 pending adjudication of title. 2. Landmark Authority: Vannarakkal Kallalathil Sreedharan v. Chandramaath Balakrishnan (1990) 3 SCC 291.
हिंदी पाठ
जहां दावा किए जाने या आक्षेप किए जाने से पूर्व कुर्क की गई संपत्ति विक्रय के लिए विज्ञापित की जा चुकी थी, वहां न्यायालय—
(क) यदि संपत्ति जंगम (चल) है, तो दावे या आक्षेप के न्यायनिर्णयन के लंबित रहने तक विक्रय को स्थगित करने का आदेश दे सकेगा; अथवा
(ख) यदि संपत्ति स्थावर (अचल) है, तो यह आदेश दे सकेगा कि दावे या आक्षेप के लंबित रहने तक संपत्ति बेची नहीं जाएगी, अथवा यह कि ऐसे न्यायनिर्णयन तक संपत्ति बेची तो जा सकेगी किंतु विक्रय की पुष्टि (Confirmation of Sale) नहीं की जाएगी;
और ऐसा कोई भी आदेश प्रतिभूति या अन्यथा जैसी न्यायालय उचित समझे ऐसी शर्तों के अधीन किया जा सकेगा।