https://www.taxtmi.com/caselaws?id=103308 The Delhi HC held that a decree for a company's pre-appointed day liability under a special nationalisation statute could not be enforced against the Union of India. The statute preserved liabilities arising before the appointed day as the company's liabilities alone, except for expressly carved-out obligations, and barred enforcement of any award, decree or order relating to those liabilities against the Central Government. Its non obstante clause gave this scheme overriding effect over inconsistent instruments and prior government management arrangements. The objection to execution against the Union therefore failed, and the liability remained recoverable only from the company. en-us Fri, 10 May 1996 00:00:00 +0530 Wed, 22 Feb 2012 12:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103308 The Delhi HC held that a decree for a company's pre-appointed day liability under a special nationalisation statute could not be enforced against the Union of India. The statute preserved liabilities arising before the appointed day as the company's liabilities alone, except for expressly carved-out obligations, and barred enforcement of any award, decree or order relating to those liabilities against the Central Government. Its non obstante clause gave this scheme overriding effect over inconsistent instruments and prior government management arrangements. The objection to execution against the Union therefore failed, and the liability remained recoverable only from the company. Case-Laws Companies Law Fri, 10 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103308