4. Insertion of new section 432A in the principal enactment

The following new section is hereby inserted immediately after section 432 of the principal enactment and shall have effect as section 432A of that enactment:—

432A. (1) Where the person entitled to the possession of such property establishes his claim within two months, the Magistrate shall order the property to be delivered to him on such conditions, as the Magistrate may think fit:

Provided however, where the person entitled to the possession of such property does not consent to take the possession of the same, such property may be sold under the order of the Magistrate.

The proceeds of such sale shall be deposited in a deposit account opened and operated in that behalf, in a Government owned bank, until the judgement of the case is pronounced.

The person entitiled to the possession of the property referred to in subsection (1), shall make an application, in the prescribed form and manner to obtain the value of such property and the payment shall be made subject to the recorded verdict of the case.

Regulations shall be made prescribing the manner of administration and management of the deposit account referrred to in subsection (2).”.