Applications under section 62 and proceedings relating thereto to abate on the date notified under section 80

(1) All applications under section 62 (other than those which have been rejected and such rejection has become final) and all proceedings in connection therewith, whether pending before the appellate authority or the High Court or the Land Board, shall, if the certificates of purchase have not been issued under sub-section (2) of section 67, abate with effect from the date notified under sub-section (1) of section 80, and no party shall be liable to pay the cost of any other party in any such proceedings.

(2) Where a certificate of purchase is issued under section 80M in respect of any holding or part thereof to which an application referred to in sub-section (1) relates, ---

(a) the right, title and interest of the landowner and intermediaries in respect of such holding or part shall be deemed to have vested in the cultivating tenant from the date of such application;

(b) any amount paid or deposited by the cultivating tenant by way of rent after the date of such application shall be adjusted towards the purchase price payable by him under section 80E;

(c) any such amount received or withdrawn by the landowner or any intermediary shall be adjusted towards the compensation payable to him under section 80J and if the amount of compensation payable under that section is not sufficient, the balance shall be adjusted towards the compensation payable to him under section 80K; and

(d) any purchase price deposited by the cultivating tenant shall be adjusted towards the purchase price payable by him under section 80E.