Section 26 of HDE Act, 1984 : Section 26: Contracts To Cease To Have Effect Unless Ratified By The Central Government Or The Government Company

HDE Act, 1984

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Explanation using Example

Imagine a scenario where the Hooghly Docking and Engineering Company Limited (HDECL), before its acquisition by the Central Government, had entered into a contract with XYZ Shipping Supplies for the regular supply of steel plates used in shipbuilding. This contract was in effect immediately before the appointed day when the undertakings of HDECL vested in the Central Government.

According to Section 26 of The Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984, this contract with XYZ Shipping Supplies would co...

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