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The Jammu and Kashmir Electricity Act, 1997 (1940 A.D.)

preceding clauses,- (i) the undertaking shall vest in the purchasers,free from any debts, mortgages or similar obligations of the licensee or attaching ... section (1),- (a) the undertaking shall vest in the purchasers free from any debts, mortgages or similar obligations of the licensee or attaching
State of Jammu-Kashmir - Act Cites 0 - Cited by 0

The Jammu and Kashmir Electricity Act, 2010

intending purchaser to operate and maintain the utility system pending the completion of the sale. 21. Vesting of utility in purchaser. - Where a utility ... utility shall vest in the purchaser or the intending purchaser, as the case may be, free from any debt, mortgage or similar obligations
State of Jammu-Kashmir - Act Cites 0 - Cited by 19

The Jammu and Kashmir Aerial Ropeways Act, 2002

subsection (5),- (a) the undertaking shall vest in the purchaser free from any debts, mortgages or similar obligation of the promoter or attaching ... undertaking : Provided that any such debts, mortgages or similar obligations shall attach to the purchase money in substitution for the undertaking ; and (b) save
State of Jammu-Kashmir - Act Cites 0 - Cited by 2

The Probate and Administration Act, 1977

executor or administrator of deceased property. - If an executor or administrator purchases, either directly or indirectly, any part of the property of the deceased ... Illustration (a) One of the several executors has power to release a debt due to the deceased . (b) One has power to surrender a lease
State of Jammu-Kashmir - Act Cites 0 - Cited by 242

The Jammu and Kashmir Agricultural Income Tax Act, 1962

interest paid on any mortgage or any other kind of debt or any interest paid on other capital charge incurred exclusively for the purpose ... depreciation at the rate of 5% on any machinery or plant purchased or acquired exclusively for the benefit of the land from which agricultural income
State of Jammu-Kashmir - Act Cites 0 - Cited by 0
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