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


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.

LAWGIST

# 24 Disbursement of money by the Commissioner to claimants