Hello Dear Student,
There is not much Clarity regarding this on the official website of MCC and in Counselling Scheme Brochure.
But according to some internet sources, If you didn't join or report to allotted College of Mop-up Round then you will be exited from AIQ Counselling with Forfeiture of Security Money and if you Join the Allotted College then you will not be eligible for further Counselling Processes, not even for State.
Here is the Eligiblity Criteria for Mop-up Round:
Candidate needs to do Fresh Registration to participate in Mop-up Round.
Following Candidates are eligible for Mop-up Round:
1. Those who registered in Round-1 & exited availing Free Exit.
2. Who registered in Round-2 & exited with Forfeiture of fees can register again with payment of fees. However, Candidates who have already joined and taken admission in Round-2 of AIQ/Deemed/ Central Universities/AIIMS/JIPMER will not be eligible to participate in Mop Up Round. (Those who registered but were not allotted a seat in Round-1 & Round-2 need not register again).
To know more, please visit here: https://medicine.careers360.com/articles/neet-counselling
All the Best
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