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[Cites 0, Cited by 0] [Section 16] [Entire Act]

State of Puducherry - Subsection

Section 16(b) in Anglo-French Textiles Limited (Acquisition and Transfer of Textile Undertaking) Act, 1986

(b)the claim specified in each category except Category-II shall rank equally and be paid in full but if the amount is insufficient to meet such claims in full, they shall abate in equal proportions and be paid accordingly;