Supreme Court of India
Ram Karan Gupta v. J.S. Exim Ltd. and Ors.
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From the headnote
Code of Civil Procedure, 1908 - Or.21, rr.84 and 85 - Auction sale - Auction running into crores of rupees - Held: In such a situation, auction purchaser not expected to pay the amount in cash on the fall of the hammer. Code of Civil Procedure, 1908 - Or.21, r.89 - Object, applicability and effect of- Held: Or.21 r.89 CPC gives a final opportunity to the judgment debtor to save his property by setting the sale aside before confirmation upon satisfying the decretal debt and by paying compensation to the auction purchaser - Or.21 r.89 CPC is intended to (i) to save the judgment debtor from the
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