Title : Recovery of Excess Payments Made by Central Government or Custodian
State : Central
Year : 1972
1[25. Recovery of excess payments made by Central Government or Custodian.-- Any amount in excess of payments over receipts in the statement of accounts prepared under section 22 shall be deemed to be an amount advanced by the Central Government or the Custodian, as the case may be, for the management of a coking coal mine or a coke oven plant during the period in which the management of such mine of plant remained vested in the Central Government and the Central Government may make a claim to the Commissioner for such excess payment and such claim shall have priority over the claims of all other unsecured creditors of the coking coal mine or coke oven plant. Explanation.-- In this section, "Custodian" means the Custodian appointed under the Coking Coal Mines (Emergency Provisions)..... View Complete Act List Judgments citing this sectionTitle : Superannuation, Welfare and Other Funds
State : Central
Year : 1972
Where a superannuation, welfare or other fund has been established for the benefit of the employees whose services stand transferred to the Central Government or a Government company, the coking coal mine or coke oven plant, by which such employees were employed, shall distribute the amount due to each such employee as if the employee had superannuated, or his services with the coking coal mine or coke oven plant had terminated, on the day immediately preceding the specified date. View Complete Act List Judgments citing this sectionTitle : Contracts Cease to Have Effect Unless Ratified by the Central Government
State : Central
Year : 1972
(1) Every contract entered into by the owner or occupier of any coking coal mine or coke oven plant for any service, sale or supply before the appointed day shall, on and from the expiry of one hundred and twenty days from the date of assent cease to have effect unless such contract is, before the expiry of that period, ratified, in writing, by the Central Government and in ratifying such contract the Central Government may make such alterations or modifications therein as it may think fit: Provided that the Central Government shall not omit to ratify a contract unless it is satisfied that such contract is unduly onerous or has been entered into in bad faith or is detrimental to the interests of the coking coal mine or coke oven plant. (2) The Central Government shall not omit to..... View Complete Act List Judgments citing this sectionTitle : Payment of Further Amount
State : Central
Year : 1972
(1) In consideration of the retrospective operation of the provisions of section 4 and section 5, there shall be given by the Central Government, in cash, to the owner of every coking coal mine specified in the First Schedule or the owner of every coke oven plant specified in the Second Schedule, an amount equal to the amount which would have been, but for the provisions of the said section 4 or section 5, as the case may be, payable to such owner under the Coking Coal Mines (Emergency Provisions) Act, 1971, for the period commencing on the 1st day of May, 1972, and ending on the date of assent. (2) In addition to the amount specified in sub-section (1), there shall be given by the Central Government, in cash to the owner of every coking coal mine specified in the First Schedule and..... View Complete Act List Judgments citing this sectionTitle : Payment of Amount to Owners of Coke Oven Plants
State : Central
Year : 1972
1[(1)] The owner of every coke oven plant specified in the second column of the Second Schedule shall be given by the Central Government, in cash and in the manner specified in section 21, for vesting in it, under section 5, the right, title and interest of the owner in relation to such coke oven plant, an amount equal to the amount specified against it in the corresponding entry in the fifth column of the said Schedule. 1[(2) For the removal of doubts, it is hereby declared that the amount specified in the fifth column of the Second Schedule against any coke oven plant specified in the second column of the said Schedule and required to be given by the Central Government to its owner under subsection (1) shall be deemed to include, and deemed always to have been included, the..... View Complete Act List Judgments citing this sectionTitle : Accounts and Audit
State : Central
Year : 1972
The Custodian of every coking coal mine or coke oven plant shall maintain the accounts of such mine or plant in such manner and under such conditions as may be prescribed. View Complete Act List Judgments citing this sectionTitle : Disbursement of Money by the Commissioner
State : Central
Year : 1972
Where the total amount of the claim admitted by the Commissioner does not exceed the total amount of the money credited to the account of a coking coal mine or coke oven plant, every such admitted claim shall rank equally among themselves and be paid in full, and the balance, if any, shall be paid to the owner, but where such amount is insufficient to meet in full the total amount of the admitted claims, every such claim shall abate in equal proportions and be paid accordingly. View Complete Act List Judgments citing this sectionTitle : Interest on Admitted Claims
State : Central
Year : 1972
1[24A. Interest on admitted claims.-- Notwithstanding any award, decree or order of any court, tribunal or other authority, passed before the appointed day, in relation to any coking coal mine or coke oven plant, where any amount is payable in respect of a claim admitted under this Act, the interest payable on such amount for any period after the appointed day shall be at such rate not exceeding the rate of interest accruing on any amount deposited by the Commissioner under section 21.] ________________________ 1. Inserted and deemed to have been inserted w.r.e.f. 1-5-72 by the Coal Mines Nationalisation Laws (Amdt.) Act (22 of 1978), S. 7. View Complete Act List Judgments citing this sectionTitle : Mining Companies Not to Be Wound Up by Court
State : Central
Year : 1972
No proceeding for the winding up of a mining company, the right, title and interest in relation to the coking coal mine or coke oven plant owned by which have vested in the Central Government or in a government company under this Act or for the appointment of a receiver in respect of such business, shall lie in any court except with the consent of the Central Government. View Complete Act List Judgments citing this sectionTitle : Commissioner of Payments to Be Appointed
State : Central
Year : 1972
(1) For the purpose of disbursing the amount payable to the owner of each coking coal mine or coke oven plant, the Central Government shall appoint such person as it may think fit to be the Commissioner of Payments. 1[(2) The Central Government may appoint such other persons as it may think fit to assist the Commissioner and thereupon the Commissioner may authorise one or more of such persons to also exercise all or any of the powers exercisable by him under this Act, and different persons may be authorised to exercise different powers. (2A) Any person authorised by the Commissioner to exercise any powers may exercise those powers in the same manner and with the same effect as if they have been conferred on that person directly by this Act and not by way of authorisation.] (3) The..... View Complete Act List Judgments citing this section