State Act

The Bihar Co-operative Societies Act, 1935

57 K. Postponement of sale. – If, on the property being put for sale, a fair price (in the estimatin of the officer holding the sale) is not offered for it, and if the owner of the property, or a person authorized to act in his behalf, applies to have the sale postponed till the next day or (if a market is held at the place of sale) the next market day, the sale shall be postponed until that day and shall be then completed, whatever price may b offered for the property.