Section 22 in The National Company Limited (Acquisition And Transfer Of Undertakings) Act, 1980
22. Disbursement of money by Commissioner.
- 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 the Company in respect any claim relating to the undertakings owned by it shall stand discharged.
