CourtMesh

Section 9

The Telangana (Prevention of Speculation in Immovable Property) Act, 1954.State Act of Telangana · Act 8 of 1954

(1) Where any immovable property has been sold in execution of a decree or order of a Court or by an officer acting under the authority of any statute, or decree or order of a Court for a price exceeding the standard price specified in section 5 together with such increase over that price as is permissible under section 6, the District Collector or any person having an interest in such property, may, within thirty Taking possession of property and reference to subordinate Judge‟s Court.

Setting aside of Court sales etc., held in contravention of the Act.

[Act No. VIII of 1954] 7 days from the date of the sale, apply to the Court or the officer aforesaid for setting aside the sale.

(2) Upon such application, if the Court or the officer aforesaid is satisfied, after such inquiry as may be deemed necessary, that there has been a contravention of the provisions of this Act, the Court or the officer aforesaid shall set aside the sale and order a fresh sale to be held in conformity with the provisions of this Act.

10. If any person transfers immovable property situated in a notified area in contravention of the provisions of section 4, he shall, on conviction, be liable to pay a fine equal to twice the amount by which the value of the consideration received by him for the transfer exceeds the price to which he is entitled under this Act.

11. No Court shall take cognizance of an offence under this Act except on a complaint made by the Ditrict Collector.

12. No suit, prosecution or other legal proceeding shall lie against the Government or any officer or servant of the Government for any act done or purporting or intended to be done in good faith under this Act.

Where this provision sits

ActThe Telangana (Prevention of Speculation in Immovable Property) Act, 1954.
Section9
JurisdictionState of Telangana
StatusIn force as published by the source

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