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under any agreement to supply electricity entered into before that date shall devolve or shall be deemed to have devolved on the State Government: Provided

person who is a party thereto be transferred to or devolves upon some other person either wholly or in part, the Tribunal ... application of such transferee or such person on whom the business devolves or on any application on behalf of the State Government, make such

properties, funds and dues realisable by the Agency alongwith its liabilities shall devolve upon the State Government