3.
| (1) Notwithstanding the repeal of the Sri Lanka Railways Authority Act, No. 60 of 1993 by section 2, all moneys lying, on the date of commencement of this Act, to the credit of the Sri Lanka Railways Authority established by the Sri Lanka Railways Authority Act, No. 60 of 1993 shall, with effect from such date, stand transferred to the Consolidated Fund. |
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| (2)
| | (a) All proceedings instituted in any court or tribunal by or against the Sri Lanka Railways Authority established under the repealed Act and pending on the day preceding the date of commencement of this Act, shall be deemed, with effect from the date of commencement of this Act, to be proceedings instituted by or against the Railways Department and be proceeded with accordingly. | | |
| | (b) All judgments, decrees or orders entered by any court or tribunal, in favour of, or against, the Sri Lanka Railways Authority shall be deemed with effect from the date of commencement of this Act, to be judgments, decrees or orders entered in favour of, or against the Railways Department and shall be enforced accordingly. | | |
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Sri Lanka Consolidated Acts