section 19
Interest accruing on the amounts standing to the credit of the account referred to in sub-section (2) shall ensure to the benefit of the owners of the sick textile undertaking.
The Kerala Spinners, Alappuzha (Acquisition and Transfer of Undertakings) Act, 2010Corporate201034 sections7 chapters
Chapter VI COMMISSIONER OF PAYMENTS
Statutory text
Claims to be made to the Commissioner Claims to be made to the Commissioner.—Every person having a claim against the owner of the sick textile undertaking shall prefer such claim before the Commissioner within thirty days from the specified date: Provided that if the Commissioner is satisfied that the claimant was prevented by sufficient cause from preferring the claim within the said period of thirty days may entertain the claim within a further period of thirty days but not thereafter.
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