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Start Free TrialFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Chapter II
Title: Acquisition of the Undertakings of the Company
State: Central
Year: 1985
.....and all other documents of whatever nature relating thereto. (2) All properties as aforesaid which have vested in the Central Government under section 3 shall, by force of such vesting , be freed and discharged from any trust, obligation, mortgage, charge, lien and all other encumbrances affecting them, and any attachment, injection, decree or order of any court, tribunal or other authority restricting the use of such properties in any manner or appointing any receiver in respect of the whole or any part of such properties shall be deemed to have been withdrawn. (3) For the removal of doubts, it is hereby declared that the mortgagee of any property referred to in sub-section (2), or any other person holding any charge, lien or other interest in, or in relation to, any such property shall be entitled to claim, in accordance with his rights and interests, payment of the mortgage money or other dues, in whole or in part, out of the amounts payable under section 6 and 7 to the Company, but no such mortgage, charge, lien or other interest shall be enforceable against any property which has vested in the Central Government. (4) Any licence or other instrument granted to the.....
View Complete Act List Judgments citing this sectionFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Section 5
Title: Owner of the Company to Be Liable for Certain Prior Liabilities
State: Central
Year: 1985
(1) Every liability 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. (2) For the removal of doubts, it is hereby declared that,- (a) no liability of the Company in relation to its undertakings in respect of nay period before the appointed day, shall be enforceable against the Central Government; (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 Diaspora, which arose before that day, shall be enforceable against the Central Government; (c) no liability incurred by the Company before the appointed day, for the contravention of any provision of any law for the time being in force, shall be enforceable against the Central Government.
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