The Textile Undertakings (Nationalisation) Act

Appointment of Commissioners of Payments

Payment by the Central Government to the Commissioner

Certain powers of the National Textile Corporation

Claims to be made to the Commissioner

Priority of claims

Examination of claims

Admission or rejection of claims

Disbursement of money by the Commissioner to claimants

Disbursement of amounts to the owners

Undisbursed or unclaimed amounts to be deposited to the general reserve account


COMMISSIONERS OF PAYMENTS


(1) On receipt of the claims under section 20, the Commissioner shall
arrange the claims in the order of priority specified in the Second Schedule and examine the same in
accordance with the said order.

(2) If, on examination of the claims, the Commissioner is of the 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 liabilities in respect of such lower category. 

LAWGIST

# 22 Examination of claims