Maruti Limited (Acquisition and Transfer of Undertakings) Act : DISBURSEMENT OF MONEY BY THE COMMISSIONER TO

Maruti Limited (Acquisition and Transfer of Undertakings) Act,1980

Act No : 64

Section : DISBURSEMENT OF MONEY BY THE COMMISSIONER TO CLAIMANTS

SECTION 22: DISBURSEMENT OF MONEY BY THE COMMISSIONER TO CLAIMANTS

After admitting a claim under the Act, the amount due in respect of such claim shall be paid by the Commissioner to the person or persons to whom such amount is due, and, on such payment, the liability of the Company in respect of any claim relating to the undertakings of the Company shall stand discharged.