IE Act 5

Section 5 · Validation

- Notwithstanding anything contained in any judgment, decree or order of any court, every option of purchase of an undertaking, in the territories now forming part of the State of Haryana exercised by the erstwhile State Electricity Board or the Haryana State Electricity Board by serving a notice upon a licensee under section 6 of the principal Act and every delivery of an undertaking effected by a licensee to the said Electricity Board in pursuance of such notice at any time on or after the Ist day of April, 1960, and before the commencement of this Act, shall be deemed to have been exercised or effected, as the case may be, under section 6 of the principal Act as amended by this Act, as if section 6 as so amended were in force at all material times when such option was exercised or delivery was effected and accordingly every option of purchases to exercised and every delivery of an undertaking so effected and all things done or actions taken in consequence of such exercise of option or delivery of the undertaking shall be, and shall be deemed always to have been, valid and shall not be called in question in any court or tribunal are before, any other authority on the ground that section 6 of the principal Act did not provide for the payment of any interest on the purchase price for the period from the date of delivery of the undertaking to the date of payment of the purchase price.

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