- All immovable and other property, which on the date immediately preceding the appointed date was held by or vested in -

(a) any municipality or other local authority which has been abolished by or under the Bombay Municipal (Extension of Limits) Act, 1950, in consequence of the inclusion in [Brihan Mumbai] of the area for which it was constituted; or

(b) the State Government by reason of the supersession or dissolution of such municipality or local authority under any law relating to such municipality or local authority;