1. The applicant is the auction purchaser of the property bearing No.64, Dr. Rengachari Road, Chennai-600018 in the auction held on 6.11.2000 by the court. He was the successful bidder in the auction. He purchased the property for a sum of Rs.45,01,001 and he has deposited a sum of Rs. 11,23,250.25 being the 25% of the bid amount on the very same day. He was given 15 days time for paying the balance which ended on 21.11.2000.It is stated that due to the delay in realisation of the sale proceeds of a property situate in Malaysia and he told that he could remit the amount only in instalments and he wanted to pay the amount in Application No.4924 of 2000 before the Master to pay the balance of 75%. On 4.12.2000, when the matter came before the Master, he has passed the following order:

"Since the balance purchase money is not paid within the stipulated time of 15 days, the application is dismissed."Hence he filed two applications, one to set aside the order passed by the Master and another to permit to pay the balance of 75% to the credit of the above suit. When the matter came up before this Court, this Court has passed order on 8.12.2000 which is as follows:

" The applican