If the petitioner fails to make such deposit within the period fixed, the Collector shall dismiss the petition.

Procedure in contentious cases If the mortgagee raises objection on any ground other than the amount of the deposit, or if the petitioner is not willing to pay the sum demanded by the mortgagee, the Collector may either

1. (a) for reasons to be recorded dismiss the petition, or
2. (b) make a summary enquiry regarding the objection raised by the mortgagee or regarding the sum due.