Section 580C. Debts, obligations, contracts and pending proceedings of the Corporation

1 [580-C. (1) All debts and obligations incurred and all contracts made by or on behalf of the 2[Municipal Corporation] before the date referred to in sub-section (1) of section 580-A and subsisting on the said date shall be deemed to have been incurred and made by the Corporation in exercise of the powers conferred on it by this Act and shall contimic in operation accordingly. (2) All proceedings pending before any authority of the said 2[Municipal Corporation] on the said date, which, under the provisions of this Act, are required to the instituted before or undertaken by the Corporation shall be transferred to and contained by the Corporation and all other such proceedings shall so far as may be transferred to and continued by such authority before or by whom they have to be instituted or undertaken under the provisions of this Act. (3) All appeals pending before any authority of the said 2[Municipal Corporation] on the said date shall so far as may be practicable, be disposed of, as if there was Corporation, when they were filed. (4) All prosecutions instituted by or on behalf of the said 2[Municipal Corporation] and all suits and other legal proceedings by or against the said 2[Municipal Corporation] or any officer of the said 2[Municipal Corporation] pending on the said date, shall be continued by or against the Corporation or the officer, as the case may be, as if there was Corporation constituted when such prosecution, suit or proceeding was instituted. ]