Smith, Stainstreet and Company Limited (Acquisition and Transfer of Undertakings) Act : EXAMINATION OF CLAIMS

Smith, Stainstreet and Company Limited (Acquisition and Transfer of Undertakings) Act,1977

Act No : 41

Section : EXAMINATION OF CLAIMS

SECTION 19: EXAMINATION OF CLAIMS

(1) On receipt of the claims made under section 17-the Commissioner shall arrange the claims in the order of priorities specified in the Schedule and examine the same in accordance with such order of priorities.

(2) If, on examination of the claims, the Commissioner is of the opinion that the amount paid to him under this Act is not sufficient to meet the liabilities specified in any lower category, he shall not be required to examine the liabilities in respect of such lower category.