CCOS Rules 70AChapter X · Execution of Decrees
Section 70A · [ Loss caused by release due to default of losses at first transfer by lease. [Inserted by notification No. 269-4858-XV-70, dated 13-1-71.]
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(1)
Any deficiency of price which may arise on a resale held under clause (k) of Rule 64 or reauction for lease under clause (g) or (j) of sub-rule (2) of Rule 66-A by reason of the lessee's default and all expenses attending such retransfer by lease shall be certified by the Sale Officer to the Recovery Officer and shall at the instance of either the decree-holder or the Judgement-debtor, be recoverable from the defaulting lessee. The cost, if any, incidental to such recovery shall also be borne by the defaulting lessee.(2)
Where the property may on the second auction for lease fetch a higher price than first auction for lease, the defaulting lessee at the first auction shall have no claim to difference or increase.]Your private note on this section
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