The service connection shall be transferred and supply of electricity shall be continued to the premises with arrears of electricity charges and other liabilities, only if:-

 

(a) the consumer agrees to transfer the service connection along with the security deposit as well as the liability of arrears of electricity charges and other liabilities if any, to the transferee; and

 

(b) the transferee agrees to take over from the consumer, the service connection along with the security deposit as well as the liability of arrears of electricity charges and other liabilities if any.