Section 20: Power to revoke contract, etc — Hydrogenated Vegetable Oil Industry (Control and Development) Act, 1973

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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20. Power to revoke contract, etc.—If any contract or agreement entered into, or any obligation undertaken by any previous management of a managed establishment is declared by the Federal Government, after such inquiry as it may deem fit and giving an opportunity to the person or persons with whom such contract or agreement was entered into or to whom such obligation was undertaken to show cause why such declaration shall not be made, to be against the interests of the establishment, such contract, agreement or obligation shall stand revoked and the establishment shall not be liable for any loss or damage suffered by the previous management by reason of such revocation: Provided that this section shall not be construed as preventing any party to a contract, agreement or obligation so revoked from initiating action in a court of law against the previous management.

Effective date: 1973-01-01

Related sections

Section 19: Creditor Section 21: Right of shareholders Section 18: Debtor Section 22: Continuance in service of employees on transfer to a corporation Section 17: Prohibition to obstruct. No person shall, except under the authority of the Federal Section 23: General effect of vesting of establishment

Version hydrogenated-vegetable-oil-industry-control-and-development-act-1973~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.