LawgistThe Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act
22Disbursement of money by the Commissioner
—After admitting a claim under this Act, the amount due in respect of such claim shall be paid by the Commissioner to the person or persons to whom such amount is due, and on such payment, the liability of each of the two companies in respect of such claim shall stand discharged.
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COMMISSIONER OF PAYMENTS
- 15 Appointment of Commissioner of Payments
- 16 Payment by Central Government to the Commissioner
- 17 Certain powers of Central Government or Government companies
- 18 Claims to be made to the Commissioner
- 19 Priority of claims
- 20 Examination of claims
- 21 Admission or rejection of the claims
- 22 Disbursement of money by the Commissioner
- 23 Disbursement of amounts to the two companies
- 24 Undisbursed or unclaimed amount to be deposited with the general revenue account
