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Abstract A cosmological model having matter field as (non) interacting dark energy (DE) and baryonic matter and minimally coupled to gravity is considered in the present work with flat FLRW space time. The DE is chosen in the form of a three-form field while radiation and dust (i.e; cold dark matter) are the baryonic part. The cosmic evolution is studied through dynamical system analysis of the autonomous system so formed from the evolution equations by suitable choice of the dimensionless variables. The stability of the non-hyperbolic critical points are examined by Center manifold theory and possible bifurcation scenarios have been examined.