Section 41 (part)

said land or interest therein or any other immovable property has been sought to be sold by public auction and no person has offered to purchase it for a price which is sufficient to pay to the society the money due to it; Provided that only such portion of the property shall be sold as may be reasonably sufficient to satisfy the debt and interest thereon.

1. (2) A society which acquires land or interest therein or any other immovable property in exercise of the power vested in it under sub-section (1), may dispose it of by sale within a period to be specified by the Registrar in this behalf,
2. (3) If the society has to lease out any land acquired by it under sub-section (1),pending sale thereof as indicated in sub-section (2) the period of lease shall not exceed one year at a time and the lessee shall not acquire any interest in that property, notwithstanding any provisions to the contrary in any other law for the time being in force.
3. (4) A sale by a society of land or interest therein in terms of this section shall be subject to the provisions of any other law for the time being in force providing for restrictions on purchase of land by non-agriculturists or in excess of ceiling limits or involving fragmentation of land below a specified limit.
4. (5) Nothing in this section shall be construed to empower the society to sell any land or interest therein of a person belonging to an aboriginal tribe, which has been declared to be an aboriginal tribe by the State Government by notification under sub-section (6) of section 165 of the Chhattisgarh Land Revenue Code, 1959 (No. 20 of 1959) to a person not belonging to such tribe.
5. (6) Nothing in the Chhattisgarh Ceiling on Agricultural Holdings Act, 1960 (No. 20 of 1960) shall apply to a society acquiring land under sub-section (1) and holding such land till such time as the society is in a position to sell the land in the manner provided in this section or otherwise, at a price which is adequate to cover its dues.