Question
What happens to the undertakings of the International Airports Authority and the National Airports Authority on the appointed day, as per the Airports Authority of India Act?
Solution
The undertakings are transferred to the Authority constituted under section 3, Explanation: Section 13. Undertakings of the International Airports Authority and the National Airports Authority to vest in the Authority: (1) On and from the appointed day, there shall be transferred to, and vest in, the Authority constituted under section 3, the undertakings of the International Airports Authority and the National Airports Authority.
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