After sanction of amalgamation, any suit or appeal pending against transferor would continue against

CL : If any suit, appeal or other proceeding against transferor-companies is pending, same shall not abate or be discontinued or in any way be prejudicially affected by reason of scheme of amalgamation rather said proceedings would be continued against transferee-company, in same manner and to same extent as it would have been continued against transferor-companies as if scheme of amalgamation has not been made