16.
| (1) All contracts, agreements and other instruments of the Housing Development Finance Corporation of Sri Lanka, subsisting on the day immediately prior to the date of commencement of this Act, shall be deemed to be contracts, agreements or other instruments entered into by the HDFC Bank of Sri Lanka. |
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| (2)All suits, actions and other legal proceedings instituted by the Housing Development Finance corporation of Sri Lanka and pending on that day, immediately prior to the date of commencement of this Act, shall be deemed to be suits, actions and other legal proceedings instituted by or against the HDFC Bank of Sri Lanka. |
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| (3)All the rights, liabilities and obligations of the Housing Development Finance Corporation of Sri Lanka on the day immediately prior to the dale of commencement of this Act, shall be deemed to be the rights, liabilities and obligations of the HDFC Bank of Sri Lanka. |
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| (4) Every decree order or judgment entered in favour of or against the Housing Development Finance Corporation of Sri Lanka by any action or proceeding shall with effect from the date of commencement of this Act. be deemed to be a decree order or judgment entered in favour of or against the HDFC Bank of Sri Lanka |
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Sri Lanka Consolidated Acts