66. Postponement of sale to enable defaulter to raise amount due under certificate

(1) Where an order for the sale of immovable property has been made if the defaulter satisfies the Tax Recovery Officer that there is reason to believe that the amount of the certificate may be raised by mortgage lease or private sale of such property, or some part thereof, or of any other immovable property of the defaulter, the Tax Recovery Officer may, on his application, postpone the sale of the property comprised in the order for sale, on such terms, and for such period, as he thinks proper, to enable him to raise the amount.

(2) If the Tax Recovery Officer postpones the sale under sub-rule (1), he shall grant a certificate to the defaulter, authorising him within a period to be mentioned therein, and, notwithstanding anything contained in these rules, to make the proposed mortgage, lease or private sale.

PROVIDED that all moneys payable under such mortgage, lease or private sale shall be paid to the Tax Recovery Officer and not to the defaulter.

PROVIDED FURTHER that no mortgage, lease or private sale under this rule shall become absolute until it has been confirmed by the Tax Recovery Officer.