Repeal of promissory notes stamp law preserves prior operation, rights, obligations and validation despite the repeal. Section 70 repeals the Promissory Notes (Stamp) Act, 1926 but preserves the previous operation of that Act and anything duly done under it; it protects any right, privilege, obligation or liability acquired, accrued or incurred under the Act and validates the execution of promissory notes effected under the repealed statute.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Repeal of promissory notes stamp law preserves prior operation, rights, obligations and validation despite the repeal.
Section 70 repeals the Promissory Notes (Stamp) Act, 1926 but preserves the previous operation of that Act and anything duly done under it; it protects any right, privilege, obligation or liability acquired, accrued or incurred under the Act and validates the execution of promissory notes effected under the repealed statute.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.