Braithwaite and Company (India) Limited (Acquisition and Transfer ofUndertakings) Act : DISBURSEMENT OF MONEY

Braithwaite and Company (India) Limited (Acquisition and Transfer ofUndertakings) Act,1976

Act No : 96

Section : DISBURSEMENT OF MONEY BY THE COMMISSIONER TO CLAIMANTS

SECTION 21: DISBURSEMENT OF MONEY BY THE COMMISSIONER TO CLAIMANTS

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 sums are due, and, on such payment, the liability of the Company in respect of such claim shall stand discharged.