Section 15. Repeal and saving of Act 18 of 1964
(1) On the appointed day, the Industrial Development Bank of India Act, 1964, shall stand repealed.
(2) Notwithstanding the repeal of the Industrial Development Bank of India Act, 1964, the provisions of section 30A of the Act so repealed will continue to be applicable in respect of the arrangement entered into by the Development Bank with an industrial concern up to the appointed day and the Company will be entitled to act upon and enforce the same as fully and effectually as if this Act has not been enacted.
Judgements applying section 15
All India Idbi Officers Association through Its General Secretary Vs Union of India & Ors.
Writ Petition (Civil)An employees’ association challenged government disinvestment in a bank, an insurer’s acquisition of control, and regulatory relaxation of exposure limits. The court dismissed the petition, rejecting statutory and promissory-estoppel objections and finding no ground to interfere with the commercial or regulatory…
Writ Petition (Civil)OpenSAMUDRALA GOVINDA RAJULU CRL.P.NOs.525 OF 2007, 526 OF 2007 & 527 OF 2007 Date:26.11.2009 CRL.P.NO.525 OF 2007 Between: M.N. Santhana Raman …..Petitioner/2nd accused. And: Registrar of Companies, A.P., Hyderabad and another ….Respondents. C
DismissedOpen