TRANSFER AND VESTING OF THE BANGALORE PALACECentral

Section 9 of The BANGALORE PALACE (ACQUISITION AND TRANSFER) ACT, 1996

Chapter-IV.

Payment of further amount.- (1) The amount specified in section 8 shall carry simple interest at the rate of four per cent per annum for the period commencing on the appointed day and ending on the date on which payment of such amount is made by the State Government to the Commissioner.

(2)The amount determined in accordance with the provisions of sub-section (1) shall be given by the State Government to the legal representatives or heirs or such other persons entitled thereto, as the case may be, in addition to the amount specified in section 8.
(3)For the removal of doubts, it is hereby declared that the liability of the legal representatives or heirs in relation to the Palace which has vested in the State Government under section 4 shall be discharged from the amount referred to in section 8, and also from the amounts determined under sub-section (1), in accordance with the rights and interests of the creditors of the legal representatives or heirs, or other persons, as the case may be.

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