Section 127(2) in Tamil Nadu Co-operative Societies Rules, 1988
(2)If such deposit and application are made within-thirty days from the date of sale, the Registrar shall pass an order setting aside the sale and shall repay to the purchaser the purchase money so far as it has been deposited, together with the five per cent, deposited by the applicant:Provided that if more persons than one have made deposit and application under this rule, the application of the first depositor to the officer authorised to set.aside the sale shall be accepted.
