Section 195: Payment of interest

195. Payment of interest (1) Where there has been a sale by forcible ejectment or a sale of immovable property belonging to a bankrupt or insolvent, and the ordre has S3 – 43 [Issue 1] Sale of Immovable Property Act not been finally closed within 6 months from the date of the judgment of adjudication, the adjudicatee shall, notwithstanding anything to the contrary in the memorandum of charges, at the end of those 6 months, and then every 3 months until the final closing of the ordre, pay into the hands of the Master all interest at such periods due by him in respect of the sale price. (2) Where the adjudicatee is, at any time, 3 months in arrears of payment, an inscribed creditor may, on obtaining a certificate from the Master, and after service of the certificate on the adjudicatee, together with a mise en demeure to pay the interest in arrears, take proceedings under sections 148 to 156 for the resale of the property by folle-enchère.