Partition Act : Reserved bidding and bidding by shareholders Indian Bare Acts :

Partition Act,1893

Act No : 4

Section : Reserved bidding and bidding by shareholders

6. Reserved bidding and bidding by shareholders.-(1) Every saleunder section 2 shall be subject to a reserved bidding, and the amountof such bidding shall be fixed by the Court in such manner as it maythink fit and may be varied from time to time. (2) On any such sale any of the shareholders shall be at libertyto bid at the sale on such terms as to non-payment of deposit or as tosetting off or accounting for the purchase-money or any part thereofinstead of paying the same as to the Court may seem reasonable. (3) If two or more persons, of whom one is a shareholder in theproperty, respectively advance the same sum at any bidding at suchsale, such bidding shall be deemed to be the bidding of theshareholder.