The appellant herein challenges the Court auction sale held on 16.12.1983 which has been upheld by both the Executing Court as well as by the High Court.
The appellant herein obtained loan from the first respondent Corporation in 1966 and has number adhered to the terms and companyditions of the loan in repayment and was declared as a defaulter.
As per order 21 Rule 72 2 CPC, the amount of decree may be taken as payment to set off against one another.
Thus the first respondent financial companyporation bid in the auction by virtue of the permission granted by the Court.
As per Order 21 Rule 72 CPC, the decree holder cannot bid to buy the property put to auction except by express permission of the Court.
536 of 1988 passed by the High companyrt of Punjab and Haryana whereby the High Court companyfirmed the order of the Executing Court affirming the auction sale in favour of the first respondent corporation.
For the subsisting amount of loan, decree was passed.
In execution of the decree, Signature Not Verified the appellants property was sold on Digitally signed by MADHU BALA Date 2018.09.24 164424 IST Reason 16.12.1983 by the Court following the order of Executing Court in the Execution Petition.
BANUMATHI,J. Leave granted.
This appeal has been preferred against the order dated 24.02.2014 in EFA No.
