Violation of sub rule 3 of rule 9 of Security Interest Enforcement Rule 2002 during e-auction bybank

IOB Delhi branch conducted e-auction of secured assets on 15.5.2018 but the auction purchaser deposited 25% amount on 17.5.2018 two days after the date of auction. 25% of bid amount expected to be paid immediately i.e. on 15/5/18 or before 16/5/18 but was paid on 17/5/18 which is utter violation of provision of SARFAESI Act. The of property by bank was vitiated by fraud and not following the procedure contemplated under the Act. On failure to pay 25% before 16/5/18 and terms of Rule 9(3) the earnest money deposited by the purchaser should have been forfeited and property be sold again. IOB confirmed under RTI that 25% of bid amount received on 17/5/18 and NO amount was tender on 15/5/18 & 16/5/18 by auction purchaser. I would like to make it clear that I have no connection with secured assets but it is located at my neighbour and on suspicion information on payment by purchaser was obtained under RTI. Failure to forfeit the earnest money by bank as per Rule 9(3) caused a loss to nation. Advice this can be brought in knowledge of court situated in Delhi for recover of loss to nation on failure to comply the statutory provision by bank. Also advise minimum charges being nation cause.