Bare ActsThe National Company Limited (Acquisition and Transfer of Undertakings) Act, 1980

Section 20

Examination of claims.

Amendment status not verified — confirm the current text below against the official source.

(1) On receipt of the claims made under section 18, the Commissioner shall arrange the claims in the order of priorities specified in the Schedule and examine the same in accordance with such order. (2) If, on examination of the claims, the Commissioner is of opinion that the amount paid to him under this Act is not sufficient to meet the liabilities specified in any lower category, he shall not be required to examine any claim in respect of such lower category.

Section 20 – The National Company Limited (Acquisition and Transfer of Undertakings) Act, 1980 | DailyLaw.ai