Rule 27. Disposal of the sale proceeds

Official text

Rule 27. Disposal of the sale proceeds. — The sale proceeds of the property of the defaulter shall be utilised in the following manner, namely:-

(a) the sale proceeds shall first be utilised for meeting the cost of sale;

(b) the balance shall be utilised for satisfaction of the amount mentioned in the Certificate issued under rule 3 together with the cost of detention of the property;

(c) the balance, if any, shall be utilised for recovery of any other Government dues payable by the defaulter; and

(d) the balance, if any, shall be paid to the defaulter.