Coking Coal Mines (Nationalisation) Act : Disbursement of money by the Commissioner. Indian Bare Acts

Coking Coal Mines (Nationalisation) Act,1972

Act No : 36

Section : Disbursement of money by the Commissioner.

24. Disbursement of money by the Commissioner. Where the total amount of the claim admitted by the Commissioner does not exceed the total amount of the money credited to the account of a coking coal mine or coke oven plant, every such admitted claim shall rank equally among themselves and be paid in full, and the balance, if any, shall be paid to the owner, but where such amount is insufficient to meet in full the total amount of the admitted claims, every such claim shall abate in equal proportions and be paid accordingly.