Substitution of section

For section 60 of the principal Act, the following shall be substituted, namely:— "60. When an order for the confiscation of any property has been passed under section 52-A or section 55 or section 57, as the case may be, or where on revision application made under section 59-A such order for confiscation has not been set aside, and the period limited by section 59 for an appeal from such order has elapsed, and no such appeal has been preferred or when, on such an appeal being preferred, the Appellate Court confirms such orders in respect of the property or a portion of such property, such property or such portion thereof, if it has been sold under sub-section

1. (3) of section 52-A, the sale proceeds thereof, as the case may be, shall vest in the State Government free from all encumbrances."