Bare ActsThe Talcher Thermal Power Station (Acquisition and Transfer) Act, 1994

Section 4

Amendment status not verified — confirm the current text below against the official source.

(1) Tho p o d station shall be dscmed f o include all ploikrtis and aats, efid of rights, leaseholds, powers, aulhorit ies and privjlegee and all property movable and veztlng. . immevlble incllldlnz land$, buildings, oEcesj stores, pIonts, machinery and equipment#. *For the BI U Sce Orisso Gazerre, Extraordinary, dated the 14th Deccmber 1994 (No. 160 8). 4 ' ' I . i \ 17 f nstallatio~s;~trurnents, office furniture, statioueq. and office equibmonts, vehicbs, alaff .quarten, workers' colonies togcthcr with amenities and in: tallat ions pcrtar nlng thereto, and otber rights and i~tercsts in, or arising out of, such properties and asie1.s . . as were Lnmcdiately before the appoiated. day in the ' ownership, pos;cssion, powcr :and control of the Board in rzlation to the Power Station Whether within .or outside the State of Orissa and all, books of account<, registers and other documents 'of ,what:oever nature relating thcrctp, but not to includc ca:h in hand; cash at bak, 'investments, book debts olher than out;tsnding ad~anccs for prccurement of mater'al.; and equipments for the Power Station) or rights, liabilities and obligtions respecling any other contract or Memorandum of understasiding or 'agreement, entered into by the 3 Board or the State Government. 4 2 ) If on the appointed day, any suit, appeal or other p~oceeding of, what-caevet naturc in relation to any property or axet which ha; vcstcd in thc Stale Government , , under section 3, iastitufcd or preferred by or against the Board in relation to the :Pow,er Station, is pending, the same shall not abate, be di-continued or be, in any way, prejudicially affected by reason of the tranifer of the Pa.wer Statlon or of anything contained in this Act but the suit, appeal or other proceeding may be conliaued, pro;ecuted or-enforced by of against the State Government or, where tho -Power Station vests in the Corporation, under section 5, .by or against the Corporation, subject to the provisions of seclion 6. Vest Ing of

Section 4 – The Talcher Thermal Power Station (Acquisition and Transfer) Act, 1994 | DailyLaw.ai