for example: TATA AIG

  for example: Indian Contract Act

  for example: Ratan Tata

  for example: Negotiable Instruments Act

Section 19   [ View Judgements ]

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.

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