Re-vesting of property in the transferor
on failure of payment or deposit of consideration.
269UH. (1) If the Central
Government fails to tender under sub-section (1) of section
269UG or deposit under sub-section (2) or sub-section (3) of the said
section, the whole or any part of the amount of consideration required to be
tendered or deposited thereunder within the period specified therein in respect
of any immovable property which has vested in the Central Government under
sub-section (1) or, as the case may be, sub-section (6) of section 269UE, the order to purchase the immovable
property by the Central Government made under sub-section (1) of section 269UD shall stand abrogated and the
immovable property shall stand re-vested in the transferor after the expiry of
the aforesaid period :
Provided that where any
dispute referred to in sub-section (2) or sub-section (3) of section 269UG is pending in any court for decision,
the time taken by the court to pass a final order under the said sub-sections
shall be excluded in computing the said period.
(2) Where an order made
under sub-section (1) of section 269UD is
abrogated and the immovable property re-vested in the transferor under
sub-section (1), the appropriate authority shall make, as soon as may be, a
declaration in writing to this effect and shall—
(a) deliver a copy of the declaration to the
persons mentioned in sub-section (2) of section
269UD ; and
(b) deliver or cause to be delivered possession of
the immovable property back to the transferor, or, as the case may be, to such
other person as was in possession of the property at the time of its vesting in
the Central Government under section 269UE.