Bare ActsThe ANGLO-FRENCH TEXTILES LIMITED (ACQUISITION AND TRANSFER OFTEXTILE UNDERTAKING) ACT, 1986

Section 17

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

(1) On receipt of the claims under section 15, the Commissioner shall arrange the claims in the order of priority specified in the Second Schedule and examine the same in accordance with the said order. (2) If, on examination of the claims, the Commissioner is of the 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 the liabilities in respect of such lower category. Admission or rejection of claims

Section 17 – The ANGLO-FRENCH TEXTILES LIMITED (ACQUISITION AND TRANSFER OFTEXTILE UNDERTAKING) ACT, 1986 | DailyLaw.ai