Section 29A
Expenditure Incurred In Auction
(1) The Dent Recovery Officer, while recovering debt through the auction sale from the movable and immovable
property taken into his/her possession pursuant to Rule 28, shall cause to recover to the Bank of Financial Institution from the remaining amount upon deducting all the costs in the course of such auction sale.
(2) The remaining amount, upon deducting the total cost incurred in the course of auction sale pursuant to Sub-rule (1) and the amount to be recovered to the Bank or Financial Institution, shall be returned back to the debtor or the
guarantor.
(3) If the Tribunal deems necessary, it may ask the concerned bank or financial institution to deposit the estimated amount as the cost of auction prior to selling the movable and immovable property by the auction.
property taken into his/her possession pursuant to Rule 28, shall cause to recover to the Bank of Financial Institution from the remaining amount upon deducting all the costs in the course of such auction sale.
(2) The remaining amount, upon deducting the total cost incurred in the course of auction sale pursuant to Sub-rule (1) and the amount to be recovered to the Bank or Financial Institution, shall be returned back to the debtor or the
guarantor.
(3) If the Tribunal deems necessary, it may ask the concerned bank or financial institution to deposit the estimated amount as the cost of auction prior to selling the movable and immovable property by the auction.