Provisions on online judicial auction

Legal analysis: According to the law, after the first judicial auction is aborted, a second auction should be organized within 60 days, and a total of three auctions can be held. If three judicial auctions fail, the auction crystal should be sold. After the failure of the first judicial auction, if the applicant and the person subjected to execution reach an agreement to sell the goods to compensate for the losses without harming the rights and interests of others, the court will allow it.

Legal basis: Provisions of the Supreme People's Court on Auction and Sale of Property in Civil Execution of People's Courts Article 27 The people's court may, according to the provisions of Article 19 of these Provisions, evaluate the movable property that is still auctioned in the second auction and hand it over to the applicant executor or other person subjected to execution to pay off the debts.

If the applicant executor or other enforcement creditor refuses to accept or fails to deliver it to pay off the debts according to law, the people's court shall lift the seal-up and seizure and return the movable property to the person subjected to execution.