Chapter VI

Sections in this chapter

• Section 15 — Commissioner of Payments
• Section 16 — (1) Subject to the provisions of sub-section (4) of section 9, the
• Section 17 — (1) The State Government or the existing, or new, Government
• Section 18 — Every person having a claim against the Company shall prefer Claims to be
• Section 19 — The claims arising out of the matter specified in the Schedule Priority of
• Section 20 — immediately higher category.
• Section 21 — Admission or rejection of claims.
• Section 22 — After admitting a claim under this Act, the amount due in respect of such claim shall be paid by the Commissioner to the person or persons to whom such amount is due, and, on such payment, the liability of the Company in respect of such claim shall stand discharged.
• Section 23 — Company in respect of such claim shall stand discharged.
• Section 24 — Any money paid to the Commissioner which remains undisbursed or unclaimed on the date immediately preceding the date on which the office of the Commissioner is finally wound up shall be transferred by the Commissioner to the general revenue account of the State Government; but a claim to any money so transferred may be preferred to the State Government by the persons entitled to such payment and shall be dealt with as if such transfer had not been made, and the order, if any, for the payment of the claim shall be treated as an order for the refund of the revenue.