Section 22
Disbursement of money by Commissioner.
The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984
About this Act
An Act to provide for the acquisition and transfer of the undertakings of the Inchek Tyres Limited and the National Rubber Manufacturers Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continued manufacture, production and distribution of tyres, tubes and other rubber goods which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto.
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 each of the two companies in respect of such claim
shall stand discharged.