Section 23(2)

Any property, interest in property, rights and liabiliiics vested in the State Government under sub-section (1) shall be revested by the Statc Government in the Gridco and OHPC in accordance with the transfer scheme published alongwith such oiher properly, intcrrt in property, righrs and Iizbililies of lht State Govemment as may bc specified in such scheme, on suclh lcrrns and conditions as may be agreed between the State Govcrnment and the Grjdco or OHPC, as the case g a y be.