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2014 Supreme(P&H) 548

RAKESH KUMAR JAIN
Narinder Kumar – Appellant
Versus
State Bank of India – Respondent


Advocates:
For the Appellant:Mr. L.M. Suri, Sr. Advocate, with Mr. Neeraj Khanna, Advocate.

JUDGMENT

Mr. Rakesh Kumar Jain, J: (Oral) - This is second appeal in execution filed by the Auction Purchaser, being aggrieved against both the orders of the Courts below, whereby the judgment debtor has been allowed to make the deficiency of 5% in the purchase money as required under Order 21 Rule 89 of CPC.

2. In brief, the State Bank of India, filed a suit for recovery against respondent Nos.2 to 5, which was decreed on 14.9.2005. It filed an application for execution on 21.3.2006 which was dismissed as partly satisfied on 29.9.2007. Thereafter, the present execution was filed for realising the remaining decretal amount by way of sale of mortgaged property belonging to judgment debtor No.3.

3. When the application was filed under Order 21 Rule 66 CPC for proclamation of sale, objections were filed on behalf of Judgment debtors No.3 and 4 stating that they had deposited Rs.7,26,300/- on different dates and now only a sum of Rs.3,63,126.13 has remained due towards the decretal amount.

4. Upon notice, the decree holder submitted that payment of Rs.7,26,300/- has been made by the judgment debtor and as per the calculations made by the decree holder on the basis of decree passed by t













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