Short title and commencement

(1) This Act may be called the Kerala Spinners, Alappuzha (Acquisition and Transfer of undertaking) Act, 2010. (2) It shall be deemed to have come into force on the 19th day of November, 2009. Nottithstanding anything ontained in the ludiistriat Disputes Act, 1947 (Central Act 14 of 1947), or in any other law for the time being in-force, the transfer of the ervices of any, officer or other person employed In the sick textile undertaking, to tha StdtTexti CorpOration shall not entitle such ofces or other empliyee to any compensahoi under this Act or any other law for the time being in force, and no such claim shall be entertained by any court, tribun4 oi other authority.

Where, under, the terms of any contract of iservice or ntherwise-, any person whose services become trminátdor whole sexvicesbecome transferred to the Stite Textile- corporation by reasonof the provisions of this Act is entitled to any arrears of salary or wages or any payment for any leave not. availed of or other' payment, not being a payment by way of Otufty or pension; for any period prior tothe date of declaration as a sick company by the Boaid for lidstrial and Financial Reconttuctiqn (BIFR) sucg pcñcn may, except to the extent such'liabiity has been taken over by (he State,Covernnient under sect4on 5, enforce his óluim alainst the owner of the sick textile undertaking but not against the- State Government or the State- Texftle Corporation.