Use of proceeds of sale or transfer of Board, etc
Section 132 of the Electricity Act, 2003 deals with use of proceeds of sale or transfer of Board, etc. In the event that a Board or any utility owned or controlled by the Appropriate Government is sold or transferred in any manner to a person who is not owned or controlled by the Appropriate Government, the proceeds from such sale or transfer shall be utilised in priority to all other dues in the fol The Act came into force on 10 Jun 2003.
In the event that a Board or any utility owned or controlled by the Appropriate Government is sold or transferred in any manner to a person who is not owned or controlled by the Appropriate Government, the proceeds from such sale or transfer shall be utilised in priority to all other dues in the following order, namely:--
(a) dues (including retirement benefits due) to the officers and employees of such Board or utility, who have been affected by the aforesaid sale or transfer;
(b) payment of debt or other liabilities of the transferor as may be required by the existing loan covenants.
Section 132, The Electricity Act, 2003 (Act 36 of 2003).
Made under this section, and citing it
1 instrument names this provision in its title or its text without being made under it.
Questions about Section 132
What does Section 132 of the Electricity Act deal with?
Section 132 of the Electricity Act is headed "Use of proceeds of sale or transfer of Board, etc". In the event that a Board or any utility owned or controlled by the Appropriate Government is sold or transferred in any manner to a person who is not owned or controlled by the Appropriate Government, the proceeds from such sale or transfer shall be utilised in priority to all other dues in the fol
How do I find court cases under Section 132 of the Electricity Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Electricity Act 2003 132, section 132 Electricity Act 2003, section 132 of the Electricity Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 132 of the Electricity Act, and has it changed?
One instrument names it without being made under it, most recently Distribution of Electricity Licence (Additional Requirements of Capital Adequacy, Creditworthiness and Code of Conduct) Rules, 2005 (2005).
When did Section 132 of the Electricity Act come into force?
Section 132 of the Electricity Act, cited as Electricity Act 2003 132, came into force on 10 Jun 2003, having been enacted on 26 May 2003. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 18 Oct 2026. This page is not a substitute for legal advice.