Interest Act, 1978
6.
Repeal and saving.-
(1)
As from the commencement of this act, the Interest Act, 1839 (32 of 1839) and
any other law corresponding thereto in force in any State immediately before
such commencement shall stand repealed.
(2)
The provisions of this act, not apply to any suit or other legal proceeding
pending at the commencement of this Act and the provisions of the corresponding
law applicable immediately before such commencement shall, notwithstanding the
repeal of such law by sub-section (1), continue to apply to such suit or other
legal proceeding.
(3)The
mention of particular matters in sub-section (2) shall not be held to prejudice
or affect the general application of section 6 of the General Clauses Act, 1897
(10 of 1897), with regard to the effect of repeal.