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TypeBare Act JurisdictionCentral Government

Electricity Act, 2003 Section 21

Vesting of Utility in Purchaser

~1 min read
https://sooperkanoon.com/act/31576

Bare act section · Research

About this section

Electricity Act, 2003 Section 21 is part of Electricity Act, 2003 - Vesting of Utility in Purchaser. Read the section text below and explore Indian court judgments that cite it.

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Section Text

Where a utility is sold under section 20 or section 24, then, upon completion of the sale or on the date on which the utility is delivered to the intending purchaser, as the case may be, whichever is earlier--

(a) the utility shall vest in the purchaser or the intending purchaser, as the case may be, free from any debt, mortgage or similar obligation of the licensee or attaching to the utility:

PROVIDED that any such debt, mortgage or similar obligation shall attach to the purchase money in substitution for the utility; and

(b) the rights, powers, authorities, duties and obligations of the licensee under his licence shall stand transferred to the purchaser and such purchaser shall be deemed to be the licensee.

Frequently asked questions

What does Electricity Act, 2003 Section 21 provide?

Section Section 21 of the Electricity Act, 2003 (Vesting of Utility in Purchaser) is reproduced on this page as part of the Electricity Act, 2003. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Electricity Act, 2003 Section 21?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Electricity Act, 2003 Section 21. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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