Payment by State Government to the Commissioner

(1) The State Government shall within thirty days from the specified date, pay in cash to the Commissioner,-for payment to the owner of the sick textile undertaking, an amount equal to the amount specified against the sick textile undertaking in the Fit Schedule and shall also pay to the Commissioner such sums as may be due to the owner1 of the sick textile undertaking under sub-section (2) of section 8 and section 9

(2) 'A separate account shall be opened by the State Government in favour of the Commissioner and every amOunt paid under this Act to the Commissionerj shall be deposited by him in that account and thereafter such account shall be operated by the fCommissioner.

(3) Separate records shall be maintained by the Commissioner in respect of the. sick textile undértakin in relation to which payments have been made to him underthis Act

(4) 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 r of the sick textile undertaking