Repeal and savings preserve pending proceedings, instruments, appointments and prosecutions under prior insolvency laws. The enactment repeals earlier insolvency Acts while preserving continuity: pending proceedings remain governed by the repealed Acts and will be heard and disposed of as if not repealed; instruments, orders, rules, appointments and other acts in force at commencement continue to have effect and be deemed valid; prosecutions and office-holders under the repealed enactments continue subject to prescribed terms; and established principles, practices, privileges and usages are not affected, without prejudice to the general application of the General Clauses Act on repeal.
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 and savings preserve pending proceedings, instruments, appointments and prosecutions under prior insolvency laws.
The enactment repeals earlier insolvency Acts while preserving continuity: pending proceedings remain governed by the repealed Acts and will be heard and disposed of as if not repealed; instruments, orders, rules, appointments and other acts in force at commencement continue to have effect and be deemed valid; prosecutions and office-holders under the repealed enactments continue subject to prescribed terms; and established principles, practices, privileges and usages are not affected, without prejudice to the general application of the General Clauses Act on repeal.
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