Act Number: 42

Act Name: The Gresham and Craven of India (Private) Limited (Acquisition and Transfer of Undertakings) Act, 1977

Year: 1977

Enactment Date: 1977-12-20

Long Title: An Act to provide for the acquisition and transfer of the undertakings of Messrs. Gresham and Craven of India (Private) Limited for the purpose of ensuring the continuity of production of goods which are vital to the needs of the Railways and of the industries manufacturing engineering products and for matters connected therewith or incidental thereto.

Ministry: Ministry of Heavy Industries and Public Enterprises

Department: Department of Heavy Industry

Section 21: Disbursement of money by the Commissioner to claimants.
    After admitting a claim under this Act, the amount due in respect of such claims shall be paid by the Commissioner to the person or persons to whom such sums are due, and, on such payment, the liability of the Company in respect of such claim shall stand discharged.
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