Hi kunal,
If you have accepted a seat in the second round and take upgradation option then you will be eligible for the third round.
If you will not get a seat in third round and have taken second round alloted seat then you will have that second round seat.
If you will be alloted seat in the third round then you can't go down for having previous seat.
You will be eligible for newly alloted seat only.
For any other information you can ask us.
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