Gas Regulation Act, 1982

Securing debts and other liabilities of undertakers.

8.—Notwithstanding anything contained in any enactment or statutory instrument, any debt, obligation or other liability incurred by an undertaker after the commencement of this Act may be secured in any manner in which, were the undertaker a company, the debt, obligation or other liability could be secured, and in relation to any debt, obligation or liability so incurred the provisions of law as regards securing a debt of a company, the form of such security, making effective such security and the other remedies of a secured creditor of a company for enforcing a security shall, with the necessary modifications, apply as regards securing a debt of an undertaker, the form of such security and the remedies of a secured creditor of an undertaker.