(1) The effective legal document based on which it was executed has been revoked;
(two) the application executor and other enforcement creditors withdraw the application for enforcement;
(3) The person subjected to execution has fully fulfilled the monetary debts determined by legal documents.
Judicial auction is the work of the people's court to publicly dispose of the debtor's property by itself or by entrusting an auction company in order to pay off the creditor's rights in the compulsory execution procedure of civil cases.
Consequences of the withdrawal of the auction by the court: the buyer cannot claim compensation from the court in civil proceedings. You can apply to the relevant system for compensation, but you may not accept compensation, and the auction object is not in the bidding state. Court auction transactions are generally not allowed to be revoked. If there is malicious collusion between the auction institution and the bidder, the auction result can be revoked and re-auctioned. If the auction is cancelled, the people's court that collected the deposit shall return the deposit to the bidder and notify the bidder to stop the auction. Delivery and surrender. If the auction is successful, it is necessary to pay the final payment and handle the transfer formalities within the specified time; If the auction fails, apply for a refund of the deposit. After the auction is successful, the deposit will be transferred to the court account. If the goods are auctioned and the balance is not paid, and the buyer regrets not returning the deposit after the auction, the court may decide to auction again.
The legal reasons for canceling the auction are as follows:
1. Malicious collusion, fraud, etc. The interests of the parties or other bidders are harmed among bidders, bidders and auction institutions; 2. The buyer does not have legal bidding qualification;
3. Illegally restricting bidders from participating in bidding or imposing different bidding conditions on different bidders;
4. Failing to announce the auction target in accordance with the provisions of laws and judicial interpretations;
5. Other legal circumstances. Where a party or interested party requests to cancel the sale, it shall be handled with reference to the provisions of the preceding paragraph.
Legal basis:
Provisions of the Supreme People's Court Municipality on Several Issues Concerning People's Courts Handling Cases of Objection to Execution and Reconsideration.
Twenty-first in any of the following circumstances, the people's court shall support the objection of the parties or interested parties to cancel the auction:
(a) malicious collusion between bidders, bidders and auction institutions, which harms the interests of the parties or other bidders;
(2) The buyer does not have the bidding qualification stipulated by law;
(3) illegally restricting bidders from participating in bidding or imposing different bidding conditions on different bidders;
(four) failing to announce the auction target in accordance with the provisions of laws and judicial interpretations;
(five) other serious violations of the auction procedures, damage the interests of the parties or bidders. Where a party or interested party requests to cancel the sale, it shall be handled with reference to the provisions of the preceding paragraph.