Bolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act : SAVING OF CONTRACTS, ETC

Bolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act,1978

Act No : 42

Section : SAVING OF CONTRACTS, ETC

SECTION 21: SAVING OF CONTRACTS, ETC

- All contracts, deeds, bonds, agreements and other instruments of whatever nature to which the dissolved company is a party subsisting or having effect immediately before the appointed day, shall as from that day, be of full force and effect against, or, as the case may be, in favour of, the Steel Authority of India and may be enforced as fully and effectually as if, instead of the dissolved company, the Steel Authority of India had been a party thereto.