27. (1) The Civil Aviation Ordinance, 1982 (XXVII of 1982), hereinafter referred to as the said Ordinance, shall stand repealed. (2) Upon the repeal of the said Ordinance,-(a) the Civil Aviation Authority, hereinafter referred to as the ¹[dissolved Authority], established under the said Ordinance, shall stand dissolved;(b) all assets, undertakings and properties, movable and immovable of the ²[dissolved Authority], shall stand transferred to, and vest in, the Authority;(c) all debts and liabilities incurred, all obligations undertaken, all contracts entered into and all agreements made by or with the ³[dissolved Authority] shall be deemed to have been incurred, undertaken, entered into or made by or with, the Authority;(d) all suits or other legal proceedings instituted by or against the ⁴[dissolved Authority] shall be deemed to have been instituted by or against the Authority and may be continued or proceeded with accordingly ⁵[. [* * * ]] (3) and (4) [Omitted by section 3 of the Civil Aviation Authority (Amendment) Ordinance, 1985 (Ordinance No. LI of 1985).]