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So a short answer to your question is: Yes, you will still be able to get all of that.
As a general tip, just try to make up for the grades in other ways: publications, moots, other competitions etc. Make your CV such that anyone who looks beyond your grades to other headings simply has to get impressed.
And then, assuming that you're in NLS/NALSAR/NUJS, push your student internship committee to get more firms, especially in your preferred practice areas. You'll be surprised as to how easy it is get T2 internships, at firms that pay more than 10L and such, if their known practice areas are either niche or considered complicated by most.
For instance, LKS & ELP for tax law, ICUL & Lexygen for funds, Anand & Anand for media law, Keystone & P&A for arbitration etc. are very well-regarded and pay decently — but will most often be overlooked by most people in T1s. Start your internships at places like these. Build your CV, and then branch out.
As for placements, rest assured. I've seen people getting their degrees in 6 years and still ending at Trilegal/Luthra/Indus etc. One mere subject repeat would hardly make any difference, if the rest of your CV shows that you'd be able to work in whatever area you're going for.
None of this is supposed to suggest that you need not work hard. This is merely to inform you that you very much have a good shot at everything you want, regardless.
All the best!