Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act,1984
Act No : 55
Section : COMPANY TO BE LIABLE FOR CERTAIN PRIOR LIABILITIES
SECTION 07: COMPANY TO BE LIABLE FOR CERTAIN PRIOR LIABILITIES
(1) Every liability, other than the liability specified in sub-section (2), of the Company in respect of any period prior to the appointed day, shall be the liability of the Company and shall be enforceable against it, and not against the Central Government, or where the undertakings of the Company vest in an existing, or a new, Government company, against such Government company.
(2) Any liability arising in respect of advances from customers for shipbuilding and non ship building orders shall, on and from the appointed day, be the liability of the Central
Government or of the existing or new Government company aforesaid, and shall be discharged by that Government or, as the case may be, the existing, or new, Government company.
(3) For the removal of doubts, it is hereby declared that,-
(a) save as otherwise expressly provided in this Act, no liability of the Company in relation to its undertakings, in respect of any period prior to the appointed day, shall be enforceable against the Central Government, or where the undertakings of the Company vest in an existing, or a new. Government company, against such Government company;
(b) no award, decree or order of any court, tribunal or other authority in relation to the undertakings of the Company, passed on or after the appointed day in respect of any matter, claim or dispute, which arose before that day, shall be enforceable against the Central Government, or where the undertakings of the Company vest in an existing, or a new. Government company, against such Government company;
(c) no liability incurred by the Company before the appointed day for the contravention of any provision of law for the time being in force shall be enforceable against the Central Government, or where the undertakings of the Company vest in an existing, or a new, Government company, against such Government company.
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