Ganesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act : DISBURSEMENT OF MONEY BY

Ganesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act,1984

Act No : 16

Section : DISBURSEMENT OF MONEY BY THE COMMISSIONER TO CLAIMANTS

SECTION 19: DISBURSEMENT OF MONEY BY THE COMMISSIONER TO CLAIMANTS

(1) After admitting a claim under this 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 such payment the liability of the Company in respect of such claim shall stand discharged.

(2)If out of the monies paid to him in relation to the Ganesh Flour Mills, there is a balance left after meeting the liabilities as specified in the Commissioner shall disburse such balance to the Company.