payment within the period mentioned in sub-rule (4), the deposit shall be forfeited [to the secured creditor] and the property shall be resold and the defaulting purchaser shall forfeit all claim to the property or to any part of the sum for which it may be subsequently sold.” 1015. In Varimadugu Obi Reddy v. Sreenivasulu and Ors.5, this Court while interpreting Rule 9(4) of the Rules observed that it refers to a period of 15 days for deposit of balance sale consideration or such extended period for which no outer limit has been prescribed. Therefore, it appears that the time stipulated therein is not sacrosanct and the period can be extended as agreed upon in writing by the parties. A similar view has also been expressed in an earlier decision of this Court in General Manager, Sri Siddeshwara Cooperative Bank Ltd. and Anr. v. Ikbal and Ors.6 wherein referring to Rule 9(4) of the Rules, it was held that the time for deposit stipulated therein is not sacrosanct and may be extended if