State Act

The Maharashtra Land Revenue Code, 1966

203. Effect of default.— In default of payment within the prescribed period of the full amount of purchase-money, whether of moveable or immoveable property, the deposit after defraying thereout the expenses of the sale, shall be forfeited to the State Government, and the property shall be resold, and the defaulting purchaser shall forfeit all claims to the property or to any part of the sum for which it may be subsequently sold.