(1) Every liability, other than the liability specified under sub-section
(2), of the Company in relation to the Ganesh Flour Mills in respect of any period prior to the appointed day shall be the liability of the Company and shall be enforceable against it and not against the Central Government or, where the Mills vest in a Government company, against the Government company.
The Company to be liable for certain prior liabilities.
(2) Any liability in respect of the amount advanced after the date of taking over to the Company in relation to the Ganesh Flour Mills, together with interest due thereon and the wages, salaries and other dues of persons employed in the Ganesh Flour Mills in respect of any period after the date of taking over shall, on and from the appointed day, be the liability of the Central Government and shall be discharged by the Central Government or, for and on behalf of that Government, by the Government company as and when repayment of such amount becomes due or as and when such wages, salaries and other dues become due and payable, Sue. 1] THE GAZETTE OF INDIA EXTRAORDINARY 5 (?) For the removal of doubts, it is hereby declared that,—
(a) save as otherwise expressly provided in this section or in any other section of this Ordinance, no liability, other than the liability specified in sub-section (2), of the Company in relation to the Ganesh Flour Mills, in respect of a period prior to the appointed day shall be enforceable against the Central Government or the Government company, as the case may be;
(b) no award, decree or order of any ctaurt, tribunal or other authority in relation to the Ganesh Flour Mills, passed after the appointed day. in respect of any matter, claim or dispute in relation to any matter, not being a matter referred to in sub-section (2), which arose before that date shall be enforceable against the Central Government or the Government company, as the case may be;
(c) no liability incurred by the Company before the appointed day, tor the contravention, in relation to the Ganesh Flour Mills, of any provision of law for the time being in force, shall be enforceable against the Central Government or the Government company, as the case may be.
CHAPTER III PAYMENT OF AMOUNT
7. (J) For the transfer to. and vesting in, the Central Government, under section 3, of the Ganesh Flour Mills and the right, title and interest of the company in relation to the Ganesh Flour Mills, there shall be given by tha Central Government to the Company in cash and in the manner specified in Chapter VI, an amount equal to a sum of one crore, fifty-seven lakhs and sixty-eight thousand rupees.
Payment ol amount.
(2) In addition to the amount specified in sub-section (1), there shall also be given to the Company by the Central Government an amount calculated at the rate of ten thousand rupees per annum for the deprivation of the Company of the management of the Ganesh Flour Mills for the period commencing on the date of taking over and ending with the appointed day.
(3) The amount specified in sub-section (1) and the amount calculated in) accordance with the provisions of sub-section (2) shall carr^ 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.
CHAPTER IV MANAGEMENT, ETC., OF GANESH FLOUR MILLS