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State of Odisha - Section

Section 51 in Orissa Minor Minerals Concession Rules, 2004

51. Change of confirmation order.

- In the event of default by the first successful bidder, the competent authority may issue confirmation order in favour of second or subsequent higher bidder in descending order directing him to deposit twenty five percent of the bid amount along with security deposit, if the bid amount is not less than the upset price.