Air Corporations (Transfer of Undertakings and Repeal) Act : Guarantee to be operative. Indian Bare

Air Corporations (Transfer of Undertakings and Repeal) Act,1994

Act No : 13

Section : Guarantee to be operative.

7. Guarantee to be operative. Any guarantee given for or in favour of a corporation with respect to any loan or lease finance shall continue to be operative in relation to the company in which the undertaking of that corporation has vested by virtue of this Act.