(1) In default of the payment of the deposit referred to in Section 19 the property shall be put up for re-sale and the expenses incurred in connection with first sale shall be borne by the defaulter bidder.
(2) In default of payment of the balance of the bid amount within the period prescribed in Section 19, the deposit after defraying therefrom the expenses of the sale shall be forfeited and the property shall be re-sold.
(3) When the proceeds of the re-sale are less than the arrear of public demand the difference shall be bridged, as far as practicable, by the balance amount of the deposit forfeited under sub-section (2). However, if there is no difference and the re-sold value is enough to meet the arrear of public demand or the difference is such it does not require entire forfeited amount then the forfeited deposit or part thereof as the case may be, shall vest with the State Government.
12 Tripura Gazette, Extraordinary Issue, August 24, 2001 A. D.
I Setting aside of sale I
28. When immovable property has been sold, the defaulter or any person owning such property or holding an interest therein, may, at any time, within 30 days of the date of sale or within such further period not exceeding 15 days as the Certificate Officer may for sufficient cause allow, apply to the Certificate Officer to have sale set-aside in the manner as in Schedule-I para-16.
(a) On the ground that some material irregularity or mistake or fraud resulted in substantial loss or injury to him, and
(b) On his depositing to the Certificate Officer the amount of the arrear specified in the proclamation for sale, the cost of sale and for payment to the purchaser, a sum equal to 5% of the purchase money.
I Confirmation ofsale
29. If on the expiration of 30 days from the date of sale o~any immovable property or the further period, if any, allowed under section 21, no application has been made for setting aside the sale, or if made has been rejected, the Certificate Officer shall make an order confirming the sale unless, for reasons to be recorded, the Certificate Officer sets aside the sale notwithstanding that no application or prayer has been made.
I Refunds I