The Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act

Appointment of Commissioner of Payments

Payment by Central Government to the Commissioner

Certain powers of Central Government or Government companies

Claims to be made to the Commissioner

Priority of claims

Examination of claims

Admission or rejection of the claims

Disbursement of money by the Commissioner

Disbursement of amounts to the two companies

Undisbursed or unclaimed amount to be deposited with the general revenue account


COMMISSIONER OF PAYMENTS


(1) On receipt of the claims made under section 18, the Commissioner
shall arrange the claims in the order of priorities specified in the Third Schedule and examine the same in
accordance with such order.

(2) If, on examination of the claims, the Commissioner is of opinion that the amount paid to him
under this Act is not sufficient to meet the liabilities specified in any lower category, he shall not be
required to examine the claims in respect of such lower category.

LAWGIST

# 20 Examination of claims