23. Notwithstanding anything contained in any other law for the time being in force or in any memorandum or articles of association, deed or other instrument, on the commencement of this Order,ÔÇö (a) all assets of the East Pakistan Shipping Corporation and the Pakistan River Steamers Limited shall stand transferred to, and vested in, the Corporation; (b) all debts and liabilities incurred, all obligations undertaken, all contracts entered into, and all agreements made, by or with the East Pakistan Shipping Corporation and the Pakistan River Steamers Limited shall stand transferred to, and be deemed to have been incurred, undertaken, entered into or made by or with, the Corporation; (c) all assets belonging to any public or private limited company or any firm or any individual engaged in coastal or inland shipping or water transport business, vested in the Government under the Bangladesh Abandoned Property (Control, Management and Disposal) Order, 1972 (P. O. No. 16 of 1972), including in particular those enumerated in the Schedule to this Order, shall stand transferred to, and vested in, the Corporation ¹[and the liabilities of such company, firm or individual in respect of such assets determined under Article 9 of that Order shall be the liabilities of the Corporation]. (d) all suits and other legal proceedings instituted by or against the East Pakistan Shipping Corporation and the Pakistan River Steamers Limited before the commencement of this Order shall be deemed to have been instituted by or against the Corporation and may be continued or proceeded with accordingly.