Under Section 17, a guarantee given for or in favour of the IAAI or NAA with respect to any loan or lease finance shall:

Section 17 ensures that financial guarantees extended for loans or lease finance in favour of IAAI or NAA do not lapse or require re-execution merely because those bodies were repealed and merged into the Authority - such guarantees continue to operate in relation to the successor Authority automatically. The provision expressly covers BOTH loans AND lease finance, not loans alone, and requires no fresh guarantor action or Central Government substitution as the obligee. This sits alongside Sections 14 to 18 as part of a coordinated statutory scheme preserving the full legal and financial continuity of the merged entity's pre-existing arrangements.