Section 30(2)(a) in Jammu and Kashmir Co-operative Societies Rules, 2001
(a)to immovable property purchased:-(i)by a Co-operative Society at a sale held in execution of a decree obtained by it, for the recovery of any sum due to it, or(ii)by a financing bank at a sale held in execution of a decree obtained by a Co-operative Society financed by it, for the recovery of any sum due to such society or at a sale brought about by the liquidator of such society;