Industrial Development Bank (Transfer of Undertaking and Repeal) Act : Guarantee to be operative. Indian

Industrial Development Bank (Transfer of Undertaking and Repeal) Act,2003

Act No : 53

Section : Guarantee to be operative.

8. Guarantee to be operative.-Any guarantee given for or in favour of the Development Bank with respect to any loan, lease, finance or other assistance shall continue to be operative in relation to the Company.

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