Transfer of assets and liabilities of the Government to the Corporation.

Subject to the provisions of any law for the time being in force, on and from the date of a notification under section 14,- (a) all properties and assets comprising of movables and immovables of such roads vested in the Government and under the control of the Roads and Buildings Department of the Government, shall vest in and stand transferred to the Corporation; (b) all rights, obligations and liabilities, acquired or incurred, all contracts entered into and all matters and things engaged to be done by, with, or for the Government, immediately before such date for or in connection with the purposes of any road or any stretch thereof vested in, or entrusted to, the Corporation under section 14, shall be deemed to have been acquired, incurred, entered into and engaged to be done by, with or for, the Corporation; (c) all non-recurring expenditure incurred by or for the Government, for or in connection with the purposes of any road or any stretch thereof so vested in or entrusted to, the Corporation, upto such date and declared to be capital expenditure by the Government shall, subject to such terms and conditions as may be prescribed, be treated as capital provided by the Government to the Corporation; (d) all sums of money due to the Government in relation to any road or any stretch thereof so vested in or entrusted to,