Section 43(3)

It shall be a condition of an order under this section that— the net proceeds of the disposal, and where those proceeds are less than such amount as may be determined by the court to be the net amount which would be realised on a sale of the property in the open market by a willing vendor, such sums as may be required to make good the deficiency, shall be applied towards discharging the sums secured by the security.

← 2 · All articles · 4 →

Source: legislation.gov.uk · retrieved 2026-09-04