What was the name of the law in the colonial period, according to which, if the payment did not come in by sunset of the specified date, the zamindari was liable to be auctioned?

Sunset law

The correct answer is Option 2 - Sunset law

British India's Sunset Law, commonly referred to as the Revenue Sale Act was passed in 1793.

According to the Sunset Law, if payment did not come in by sunset of the specified date, the zamindari was liable to be auctioned.