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23. Repeal and saving.- (1) The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Ordinance, 2004 (5 of 2004) is hereby repealed.

(2) Notwithstanding such repeal, anything done or any action taken under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002) and the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993) and the Companies Act, 1956, (1 of 1956) as amended by the said Ordinance, shall be deemed to have been done or taken under the corresponding provisions of those Acts, as amended by this Act.





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