Section 17(1)(c) in The Bihar Electricity Regulatory Commission (Licencing for Intra-State Trading in electricity) Regulations, 2007
(c)When a Licensee fails, within the time allowed by the Commission:(i)to show to the Commission that he is in a position to fully and effectively discharge the duties and obligations imposed on him by the licence.(ii)to make a deposit or furnish security or pay fees or other charges required by his Licence