power of SDM to sell or dispose of property

(1) Where any property attached under sub-section (1) of section 4 of the Act and vested in the SDM under sub-section (2) of the said section 4, is subject to speedy and natural decay or if it is otherwise expedient so to do, the SDM may, after obtaining permission of the Designated Court, sell or otherwise dispose of the said property and include the proceeds in the account of the Financial Establishment. (2) The SDM shall, after disposing of the said property under sub-rule (1) report the same to the Designated Court.