Vesting of property in Central Government

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....n sub-clause (i) of clause (d) of section 269UA, such property shall, on the date of such order, vest in the Central Government 2[in terms of the agreement for transfer referred to in sub-section (1) of section 269UC] : 3[Provided that where the appropriate authority, after giving an opportunity of being heard to the transferor, the transferee or other persons interested in the said property, und....

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....h order on him : 4[Provided that the provisions of this sub-section and sub-sections (3) and (4) shall not apply where the person in possession of the immovable property, in respect of which an order under sub-section (1) of section 269UD is made, is a bona fide holder of any encumbrance on such property or a bona fide lessee of such property, if the said encumbrance or lease has not been declare....

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....val of doubts, it is hereby declared that nothing in this section shall operate to discharge the transferor or any other person (not being the Central Government) from liability in respect of any encumbrances on the property and, notwithstanding anything contained in any other law for the time being in force, such liability may be enforced against the transferor or such other person. (6) Where an....

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....e, have effect as if the references to immovable property therein were references to such land or building or part thereof, as the case may be.]     *************** NOTES:- 1.  Inserted vide Section 34 of the Finance Act, 1986 w.e.f. 01-10-1986, Shall come into force for specific Areas vide Notification No. S.O.480(E) dated 07-08-1986  Shal....