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Section 8: Payment of further amount.

The Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981Central Act · Act 31 of 1981

(1) The amount specified in section 7 shall carry simple interest at the rate of four per cent. per annum for the period commencing on the appointed day and ending on the date on which payment of such amount is made by the Central Government to the Commissioner.

(2) The amount determined in accordance with the provisions of sub-section (1) shall be paid by the Central Government to the Company in addition to the amount specified in section 7.

(3) For the removal of doubts, it is hereby declared that the liabilities of the Company in relation to its undertakings which have vested in the Central Government under section 3, shall be discharged from the amount referred to in section 7, and also from the amount determined under sub-section (1) in accordance with the rights and interests of the creditors of the Company.

Where this provision sits

ActThe Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981
Section8
Marginal notePayment of further amount.
JurisdictionCentral
StatusIn force as published by the source

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