LawgistThe Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act
20Examination of claims
(1) On receipt of the claims made under section 18, the Commissioner shall arrange the claims in the order of priorities specified in the Schedule and examine the same in accordance with such order.
(2) If on examination of the claims against the Company, the Commissioner is of the opinion that the amounts paid to him under this Act for payment to such Company are not sufficient to meet the liabilities specified in any lower category, he shall not be required to examine any claim in respect of such lower category.
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COMMISSIONER OF PAYMENTS
- 15 Appointment of Commissioner of Payments
- 16 Payment by the Central Government to the Commissioner
- 17 Certain powers of the National Textile Corporation
- 18 Claims to be made to the Commissioner
- 19 Priorities of claims
- 20 Examination of claims
- 21 Admission or rejection of claims
- 22 Disbursement of money by the Commissioner to claimants
- 23 Undisbursed or unclaimed amount to be deposited with the general revenue account
