Lawgist34Act to have overriding effect
(1) Save as provided under sub-section (2), the provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or in any instrument having effect by virtue of any law other than this Act.
(2) The provisions of this Act or the rules made thereunder shall be in addition to, and not in derogation of, the Industrial Finance Corporation Act, 1948 (15 of 1948), the State Financial Corporations Act, 1951 (63 of 1951), the Unit Trust of India Act, 1963 (52 of 1963), the Industrial Reconstruction Bank of India Act, 1984 (62 of 1984), 1[the Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986) and the Small Industries Development Bank of India Act, 1989 (39 of 1989).]
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1 Subs. by Act 1 of 2000, s. 16, for "and the Sick Industrial Companies (Special Provisions) Act, 1985" (w.e.f. 17-1-2000).
- 31 Transfer of pending cases
- 31A Power of Tribunal to issue certificate of recovery in case of decree or order
- 31B Priority to secured creditors
- 32 Chairperson, Presiding Officer and staff of Appellate Tribunal and Tribunal to be public servants
- 33 Protection of action taken in good faith
- 34 Act to have overriding effect
- 35 Power to remove difficulties
- 36 Power to make rules
- 37 Repeal and saving
