Sick Textile Undertakings (Nationalisation) Act : EXAMINATION OF CLAIMS Indian Bare Acts :

Sick Textile Undertakings (Nationalisation) Act,1974

Act No : 57

Section : EXAMINATION OF CLAIMS

SECTION 22: EXAMINATION OF CLAIMS

(1) On receipt of the claims under section 20-, the Commissioner shall arrange the claims in the order of priority specified in the Second Schedule and examine the same in accordance with the said order.

(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 by any lower category, he shall not be required to examine the liabilities in respect of such lower category.