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Continuance of pending legal proceedings.
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63.—In any action, suit, prosecution or other proceeding which was pending immediately before the commencement of section 53 in any court or tribunal and to which the Institute was a party, the Authority shall, on such commencement, become and be a party in place of the Institute, and those proceedings shall be continued between the Authority and other parties thereto accordingly, and no such proceedings shall abate or be discontinued or prejudicially affected by reason of the dissolution of the Institute.
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