Section 3 in Gurugram Metropolitan Development Authority (Haryana State Industrial and Infrastructure Development Corporation Properties, interests in Properties, Rights and Liabilities) transfer scheme, 2018
3. Classification of properties of the Haryana State Industrial and Infrastructure Development Corporation.
(1)The properties of the Haryana State Industrial and Infrastructure Development Corporation are classified in the Schedules as follows :-(a)Infrastructure Development Works as set out in Schedule A; and(b)Buildings as set out in Schedule B.(2)If the properties under sub-clause (1) of clause 3 above are subject to security for any borrowings or arrangements in favour of third parties for any financial assistance or obligations taken by the Haryana State Industrial and Infrastructure Development Corporation and the Liabilities in respect thereof are to be classified in the Haryana State Industrial and Infrastructure Development Corporation and Authority, the State Government, may by order to be issued for the said purpose, provide for the apportionment of the liabilities secured by such properties, assets and rights between the Haryana State Industrial and Infrastructure Development Corporation and Authority and upon such apportionment the security shall be applicable to the extent of apportioned liability only.
