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[Cites 0, Cited by 0] [Section 342] [Entire Act]

State of Uttar Pradesh - Subsection

Section 342(1) in The U.P. Co-operative Societies Rules, 1968

(1)Where immovable property has been sold, the person either owning such property or holding an interest therein by virtue of a title acquired before such sale, may apply to have the sale set aside on his depositing with the Recovery Officer-
(i)for payment to the purchaser, a sum equal to five per cent of the purchase money; and
(ii)for payment to the decree-holder, the amount of arrears specified in the proclamation of sale for the recovery of which the sale was ordered together with interest thereon, and the expenses of attachment, if any, and of sale and other costs due in respect of such amount, less the amounts which may since the date of such proclamation have been received by the decree-holder.