(1) The State Government may, on the application made by the Principal in this behalt advance moneys for the purpose of developing and efficiently managing the institution, and all other aspects in relation to the establishment of the institution.
(2) Any money advanced under sub-section (1) shall, subject to the prior payment of municipal taxes and any sum due to Government on account of taxes or fees, be a first charge upon the properties of the institution.
13. The State Government may, if it is satisfied that it is necessary or expedient so to do, direct, by notification, that the operation of all contracts, assurances of property, agreements, settlements, awards, standing orders or other instruments in force in relation to the institution immediately before the appointed day shall remain suspended and all rights, privileges, obligations and liabilities accruing or arising thereunder, before the said date shall remain suspended or shall be enforceable with such modifications and in such manner as may be specified in such notification.
14. hi computing the period of limitation for the enforcement of any right, privilege, obligation or liability referred to in section 13, the period, during which it or the remedy for the enforcement thereof was suspended, shall be excluded.
15. The provisions of this Act or any rule made thereunder shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or in any instrument having effect by virtue of any other law.