( i ) The Central Government shall, within thirty days from the specified date, pay, in cash, to the Commissioner, for payment to the Company an ampunt equal to the amounts specified in section 7.
Payment by the Central Government to the Commissioner. (2) A deposit account shall be opened by the Central Government in favour of the Commissioner in the Public Account of India, and every amount paid under this Ordinance to the Commissioner shall be deposited by him to th^ credit of the said deposit account, and thereafter the said deposit account shall be operated by the Commissioner.
(3) Interest accruing on the amount standing to the credit of the deposit account referred to in sub-section (2) shall enure to the benefit of the Company.
16. The claims arising out oi matters specified in the Schedule shall have priorities in accordance with the following principles, namely.— Claims of priorities.
(«) Category I shall have precedence over all other categories and Category II shall have precedence over Category i n and so on;
(fo) the claims specified in each of the categories, 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 proportion and be paid accordingly; and
(c) the question of discharging any liability with regard to a matter specified in a lower category shall arise only if a surplus is left after meeting all the liabilities specified in the immediately higher category.
17. Every person having a claim against the Company in relation to the Gatnesh Flour Mills shall prefer such claim before the Commissitiuer within thirty days from the specified date:
Claims to be made to the Commissioner.
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.