Amendment status not verified — confirm the current text below against the official source.
Disbursement ofimount to %fhe owner of sick textile undertaking.—.. (I) If, out of the amount paia to him in relation to the.sick textile undèrtakiijg, there is a balance left after. meeting the liabihttiesas specified in the Seconds Schedule, the Commissioner shall disburse such balance to th6 ownerof such sick textile 'undertaking. (2)- Before making any payment to the owndr of the sick textile undertaking under sub-setion (ir the Commissioner shall satisfj b:iniself ai to - the right of such person to recCive. the whole or any part of such amount axd in the event of there being a doubt or dispute as to the right. of the person to, receive the whole or any payt of the amount referred to in sbction S. the- •:' Commissioner shall refer the n4tet to, the court aiid make 'the disbursement in accordance with the decisiçrn of the* court. • . 1r the rtrnóval of doubts, it is Eereb)r declared that the entries in column (2) àf the Fjrst Schedule shall not be deemed' to be conclusive as to the right,-.title and intei4es-t of any person in re'ation to thç sick textile undertaking specified in the corresponding entries in column (I) of the said Schedule and evidence s,hali be admissibte to establish the right, title and ihterest of any prso1r in relation to such sick- textile udertaking.' - Where any mach,inery, eajiiment or other ythe , sick textile undertaking, has vested in, the state Textile Corporation but such machinej-, equipinenr or other property does not belong, tb the. owxer of suh sick textile undertaking,the amount specified in column (3) of theFjrst.' - - Schedule against such sick textile undertaking shall, on 'a Wereiit5i made to "it by , - the Comtnissiouier; be apportioned'by the court between the owpev of sjieh sick textile. undertákjng and the owner ofeh machinery, equipment or other propefty having due regard to -the vahi of such machinery equipment or other - - - 'property on the appointed day. Explanation:—.-In this section, "court.",in relatidn to We sick textile ' undertaking, means the principal civil court of oiiginal jurisdiction withixi - the lodal limits of wliose- jurisdictjoji, ,the sick iextile undertaking is situated. • - • -