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Union of India - Section

Section 21 in Burn Company and Indian Standard Wagon Company (Nationalisation) Act, 1976

21. Disbursement of money by Commissioner to claimants.-

After admitting a claim under this Act, the amount due in respect of such claim shall be paid by the Commissioner to the persons or persons to whom such sums are due and on such payment, the liability of each of the two companies in respect of such claim shall stand discharged.