Section 17
Guarantee to be operative.
The Airports Authority of India Act, 1994
About this Act
An Act to provide for the constitution of the Airports Authority of India and for the transfer and vesting of the undertakings of the International Airports Authority of India and the National Airports Authority to and in the Airports Authority of India so constituted for the better administration and cohesive management of airports and civil enclaves whereat air transport services are operated or are intended to be operated and of all aeronautical communication stations for the purposes of establishing or assisting in the establishment of airports and for matters connected therewith or incidental thereto.
Any guarantee given for or in favour of the International Airports
Authority or the National Airports Authority with respect to any loan or lease finance shall continue to be
operative in relation to the Authority in which the undertakings of the International Airports Authority
and the National Airports Authority have vested by virtue of this Act.