LawgistThe Sick Textile Undertakings (Nationalisation) Act
24Disbursement of money by the Commissioner to claimants
After admitting a claim under this Act, the amount due in respect of such claim shall be credited by the Commissioner to the relevant fund or be paid to the person or persons to whom such sums are due and on such credit or payment the liability of the owner in respect of such claim shall stand discharged.
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COMMISSIONERS OF PAYMENTS
- 17 Appointment of Commissioners of Payments
- 18 Payment by the Central Government to the Commissioner
- 19 Certain powers of the National Textile Corporation
- 20 Claims to be made to the Commissioner
- 21 Priority of claims
- 22 Examination of claims
- 23 Admission or rejection of claims
- 24 Disbursement of money by the Commissioner to claimants
- 25 Disbursement of amounts to the owners of sick textile undertakings
- 26 Undisbursed or unclaimed amounts to be deposited to the general revenue account
