Section 22(2)(c) in Karnataka Electricity Reform Act, 1999
(c)where the licensee fails within the period specified in his license or any longer period which the Commission may allow by order,-(i)to show, to the satisfaction of the Commission, that he is in a position to fully and efficiently discharge the duties and obligations imposed on him by his license; and(ii)to make the deposit or furnish the security required by his license; and