Saving of rights in certain cases.

(1) Where before the date of vesting, an inamdar has created any right in any land which vests in the State, other than land registered under section 7 or 8 (whether by way of lease or otherwise) including rights in any forest, mines or minerals, quarries, fisheries or ferries, the transaction shall be deemed to be valid and all rights and obligations arising thereunder, on or after the date of vesting, shall be enforceable by or against the Government: Provided that the transaction was not void or illegal under any law in force at the time: Provided also that where such right was created in any land, unless it relates to land registered under section 7 or 8 the Government may, if, in their opinion, it is in the public interest to do so, by notice given to the person concerned, terminate the right with effect from such date as may be specified in the notice, not being earlier than three months from the date thereof. (2) The person whose right has been terminated by the Government under the foregoing proviso, shall be entitled to compensation from the Government equal to the estimated net income to such person from the land for the unexpired portion of the period for which the right was created having regard to all the circumstances of the case.