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Section 25: Power of promoter to sell when option to purchase not exercised and order revoked by consent

The Himachal Pradesh Aerial Ropeways Act, 1968State Act of Himachal Pradesh · Act 7 of 1969

Where, on the expiration of any of the periods referred to in section 24, neither the State Government nor local authority purchases the undertaking, and the order published under section 7 is, on the application or with the consent of the promoter, revoked, the promoter shall have the option of disposing of all lands, buildings, works, materials, plants and apparatus belonging to the undertaking in such manner as he may think fit.

CHAPTER VIII INABILITY OR INSOLVENCY OF PROMOTER

Where this provision sits

ActThe Himachal Pradesh Aerial Ropeways Act, 1968
Section25
Marginal notePower of promoter to sell when option to purchase not exercised and order revoked by consent
JurisdictionState of Himachal Pradesh
StatusIn force as published by the source

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