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[Cites 0, Cited by 0] [Section 57P] [Entire Act]

State of Bihar - Subsection

Section 57P(1) in The Bihar Co-operative Societies Act, 1935

(1)If at any time after a distraint has been made under this Chapter, and before the sale of the distrained property, the defaulter, or any person making a bonafide claim as the owner of the distrained property, where he is not the defaulter deposits with the Collector executing the order of distraint or in the hands of the distraining officer, the amount specified in the demand served under section 57-E, with all costs which may have been incurred after the service of the demand, the Collector, or officer, as the case may be, shall grant a receipt for the same, and the order of distraint shall not be executed.