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(1) As from the commencement of this Act, the Interest
Act, 1839 (32 of 1839) and any other law corresponding thereto in force in any State immediately before
such commencement shall stand repealed.
(2) The provisions of this Act shall not apply to any suit or other legal proceeding pending at the
commencement of this Act and the provisions of the corresponding law applicable immediately before
such commencement shall, notwithstanding the repeal of such law by sub-section (1), continue to apply to
such suit or other legal proceeding.
(3) The mention of particular matters in sub-section (2) shall not be held to prejudice or affect the
general application of section 6 of the General Clauses Act, 1897 (10 of 1897), with regard to the effect of
repeal.
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