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[Cites 0, Cited by 0] [Section 24] [Entire Act]

State of Puducherry - Subsection

Section 24(2) in Pondicherry Revenue Recovery Act, 1970

(2)Where the purchaser fails to pay the purchase-money under sub-section (1), the property shall be brought up for re-sale and the defaulting purchaser shall be liable for any loss arising therefrom as well as the expenses incurred on the re-sale and if the property is sold on the re-sale for a higher price than the first sale, the difference or increase in the price [shall be the property of the defaulter, subject to the right of the Government to appropriate towards arrears remaining, if any.] [Substituted by Act 11 of 1973,section 2, w.e.f. 01-10-1973.]