section 21
Admission or rejection of the claims
The Kerala Spinners, Alappuzha (Acquisition and Transfer of Undertakings) Act, 2010Corporate201034 sections7 chapters
Chapter VI COMMISSIONER OF PAYMENTS
Statutory text
Admission or rejection of the claims.—(1) After examining the claim with reference to the priority set out in the Second Schedule, the Commissioner shall fix a certain date on or before which every claimant shall file the proof of his claim otherwise be excluded from the benefit of the disbursement made by the Commissioner.
- (2) . Not less than fourteen days' notice of the date so fixed shall be given by advertisement in one issue of a daily newspaper in the English Language and one issue of a daily newspaper in the Regional Language, as the Commissioner may consider suitable and every such notice shall call upon the claimant to file the proof of his claim with the Commissioner within the time specified in the advertisement.
- (3) . Any claimant who fails to file the proof of his claim within the time specified by the Commissioner shall be excluded from the disbursement made by the Commissioner.
- (4) . The Commissioner shall, after such investigation as may, in his opinion, be necessary and after giving owner of the sick textile undertaking an opportunity of refuting the claim and after giving the claimants a reasonable opportunity of being heard, in writing, admit or reject the claim in whole or in part
- (5) . The Commissioner shall have the power to regulate his own procedure in all
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