THE JAMMU AND KASHMIR LAND REVENUE ACT, 1996 (1939 A.D.)
Section 79. Payment of deposit by highest bidder.
When the highest bid at the auction has been ascertained, the person who made that bid shall on the requisition of the officer conducting the sale, pay to that officer a deposit of twenty-five per centum on the amount of his bid, and shall, on payment thereof, be declared to be the purchaser.
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