section 24
Payment on sale and re-sale in case of default
The Tamil Nadu Revenue Recovery (Amendment) Act, 1981Tax198163 sections
Statutory text
The property shall be paid for in ready money at the time of the sale, or as soon after as the officer holding the sale shall appoint, and the purchaser shall not be permitted to carry away any part of the property until he has paid for the same in full. Where the purchaser may fail in the payment of the purchase money, the property shall be re-sold, and the defaulting purchaser shall be liable for any loss arising, as well as the expenses incurred, on the re-sale. Where the property may, on the second sale, sell for a higher price than at the first sale, the difference or loss shall be recovered from him on whose account the said sale was made.
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