Bare Act Search Results

The Bhaskar Textile Mills (Acquisition and Transfer) Act, 1986 Complete Act

State: Orissa

Year: 1986

..... 17. Claim to be made to the Commissioner. (Substituted by the Bhaskar Textile Mills (Acquisition and Transfer) Amendment and Validation Act, 1990 (Orissa Act 18 of 1990) S. 2, came into force, w.e.f. the 12th March 1983) [Every person having a claim against the owner of the textile undertaking shall prefer such claim before the Commissioner within thirty days from the date of publication of a notice issued by the Commissioner inviting such claims:] Provided that if the Commissioner is satisfied that the claimant was prevented by sufficient cause from preferring the claim within the said period of thirty days, he may entertain the claim within a further period of thirty days but not thereafter, 18. Priority of claims. The claims arising out of the matters specified in the Schedule shall have priorities in accordance with the following principles, namely:" (a) category I shall have precedence over all other categories and category II shall have precedence over category III and so on; (b) the claims specified in each category except category III shall rank equally and be paid in full,, but if the amount is insufficient to meet such claims in Kill, they shall.....