NEW DELHI — The Supreme Court has ruled that a sale certificate issued in pursuance to a court’s auction is not required to be stamped.  A bench, headed by Justice J.B. Pardiwala, was dealing with the question if it is mandatory for the successful auction purchaser to deposit the stamp duty for the sale certificate to be issued to it in view of the provisions of the Stamp Act and the Registration Act. In its judgment, the Punjab and Haryana High Court allowed the writ petition and directed the respondent to hand over the original sale certificate to the writ petitioner and send a copy of the same to the Sub-Registrar under Section 89(4) of the Indian Registration Act, 1908. It also held that the writ petitioner was entitled to a refund of the stamp duty deposited. Also read: National Consumer Helpline gets 1,000 firms on board to fast-track resolution of complaints Punjab United Forge Ltd was ordered to be wound up and permission was granted to the Industrial Finance Corporation of India (IFCI) to sell the properties mortgaged with it and also the properties hypothecated with the Andhra Bank. The IFCI invited tenders for the immovable and movable assets...