Postponement of sale to enable judgment-debtor to raise amount of decree
Full Text
(1) Where an order for the sale of immovable property has been made, if the judgment-debtor can satisfy the Court that there is reason to believe that the amount of the decree may be raised by the mortgage or lease or private sale of such property, or some part thereof, or of any other immovable property of the judgment-debtor, the Court may, on his application, postpone the sale of the property comprised in the order for sale on such terms and for such period as it thinks proper, to enable him to raise the amount.
(2) In such case the Court shall grant a certificate to the judgment-debtor authorizing him within a period to be mentioned therein, and notwithstanding anything contained in section 64, to make the proposed mortgage, lease or sale: Provided that all moneys payable under such mortgage, lease or sale shall be paid, not to the judgment-debtor, but, save in so far as a decree-holder is entitled to set-off such money under the provisions of rule 72, into Court: Provided also that no mortgage, lease or sale under this rule shall become absolute until it has been confirmed by the Court.
(3) Nothing in this rule shall be deemed to apply to a sale of property directed to be sold in execution of a decree for sale in enforcement of a mortgage of, or charge on, such property.
Plain English Summary
Enables the judgment-debtor to postpone a distress auction sale by obtaining a court certificate overriding Section 64 to privately sell, lease, or mortgage the property, provided all proceeds are paid directly into court.
Key Legal Elements
- Debtor Relief Mechanism: Prevents undervaluation of property in distress court auctions.
- Court Certificate Overriding Section 64: Authorizes private transfer despite subsisting attachment.
- Mandatory Direct Court Deposit: Buyer/mortgagee pays purchase consideration directly into court treasury.
- Mandatory Judicial Confirmation: Private transaction is conditional until formally confirmed by court.
- Mortgage Decrees Ineligible (Sub-rule 3): Cannot be invoked in mortgage enforcement suits.
Practical Note
Maximizing Value via Private Sale: 1. Practical Utility: Distressed public auctions often fetch low bids. A judgment-debtor can move under Rule 83 attaching an agreement to sell with a genuine buyer willing to pay market value. The court grants 30–60 days to deposit the entire sale consideration into court. 2. Invalidation of Private Sales without Certificate: Any private sale without the Rule 83 certificate is void under Section 64 CPC.
हिंदी पाठ
(1) जहां स्थावर संपत्ति के विक्रय का आदेश दिया जा चुका है, यदि निर्णय-ऋणी न्यायालय का यह समाधान कर दे कि डिक्री की रकम ऐसी संपत्ति या उसके किसी भाग के अथवा निर्णय-ऋणी की किसी अन्य स्थावर संपत्ति के बंधक, पट्टे या प्राइवेट विक्रय द्वारा जुटाई जा सकती है, तो न्यायालय नीलामी को स्थगित कर सकेगा ताकि वह रकम जुटा सके।
(2) ऐसे मामले में न्यायालय निर्णय-ऋणी को एक प्रमाणपत्र (Certificate) देगा जो धारा 64 में किसी बात के होते हुए भी उसे प्राधिकृत करेगा; परंतु संपूर्ण संदेय धन निर्णय-ऋणी को न देकर सीधे न्यायालय में जमा किया जाएगा तथा न्यायालय द्वारा पुष्टि होने पर ही सौदा अंतिम होगा।
(3) यह नियम बंधक के प्रवर्तन में पारित डिक्री के निष्पादन पर लागू नहीं होगा।