Syam Divan arguing - 2013 Act is a radical departure from the old scheme. It is transformative insofar as what the law was. It impacted even the acquisitions of the old act.

This is not an act in continuation of an old act. Like income tax act or companies act. This act ushers in a new regime, as far as this country is concerned. This act is consistent with the constitutional ethos of our country. Not like the old act.