Repayment of debentures, loans, etc.

Notwithstanding anything to the contrary in any contract or agreement or in any law for the time being in force, all loans, debentures, mortgages and the like outstanding against the licensee on the vesting date may be repaid and shall be deemed always to have been repayable by the Government, or the licensee, or the Special Officer, although the time for their repayment may or might not have arrived.