Airports Authority of India Act : Guarantee to be operative. Indian Bare Acts :

Airports Authority of India Act,1994

Act No : 55

Section : Guarantee to be operative.

17. Guarantee to be operative. Any guarantee given for or in favour of the International Airports Authority or the National Airports Authority with respect to any loan or lease finance shall continue to be operative in relation to the Authority in which the undertakings of the International Airports Authority and the National Airports Authority have vested by virtue of this Act.