1) rule 9(3)(4) of SARFAESI ACT provides
3) On every sale of immovable property, the purchaser shall immediately pay a deposit of twenty-five per cent. of the amount of the sale price, to the authorised officer conducting the sale and in default of such deposit, the property shall be forthwith be sold again.
4) The balance amount of purchase price payable shall be paid by the purchaser to the authorised officer on or before the fifteenth day of confirmation of sale of the immovable property or such extended period as may be agreed upon in writing between the parties.
5) In default of payment within the period mentioned in sub-rule (4), the deposit shall be forfeited 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
6) Rule 8(6) mandates secured creditor to set out in terms of sales notice any other thing which authorised officer considers it material for purchaser to know .in order to judge value of property
7) if there was clause in auction notice that intending purchaser ought to verify title to property and other statutory liabilities then you cannot turn around and object to forfeiture of advance money
8) if information was concealed you can seek refund of earnest money and stay of forfeiture by filing writ petition in HC