Section 37(2)(c) in The M.P. Krishi Upaj Mandi Adhiniyam, 1972
(c)In case the purchaser does not make payment with additional payment to the seller under clauses (a) and (b) above within five days from the day of such purchase, his licence shall be deemed to have been cancelled on the sixth day and he or his relative shall not be granted any licence under this Act tor a period of one year from the date of such cancellation.