(1) After examining the claims against the Company with reference to the priorities set out In the Schedule, the Commissioner shall fix a date on or before which every claimant shall file the proof of his claim.
(2) Not less than fourteen days' notice of the date so fixed shall be given by advertisement in one Issue of any daily newspaper in the English Examination of claims.
Admiision or rejection of claim*.
Disbursement of money by the Commissioner to claimante.
language having circulation m the major par,t of the country and in one issue ol any daily newspaper in sucn regional language as tne Commissioner may consider sunaoie, and every SUCH notice snaii call upon tne claimant to liie tne prool ol nis ciaim witn tne Uommissioner wnnm tne period specuiea in me advertisement.
(3) Every claimant who fails to file the proof of his claim within the period specined by tne Commissioner snail be excluded irom the disbursements made Dy the Commissioner.
(4) The Commissioner shall, after such investigation as may, in his opinion, be necessary and alter giving tne Company an opportunity of reiuung tne claim and alter giving tne claimant a reasonable opportunity of being heard, by order, in writing, admit or reject the claim in wnole or in part.
(5) The Commissioner shall have the power to regulate his own procedure in all matters arising out of the discharge of his functions, including the place or places at which he may hold his sittings and shall, tor the purpose of making any investigation under this Ordinance, have the same powers as are vested in a civil court under the Code of Civil Procedure, 1908, while trying a suit, in respect of the following e of matters, namely; —
(a) the summoning and enforcing the attendance of any witness and examining him on oath;
(b) the discovery and production of any document or other material object producible as evidence;
(c) the reception of evidence on affidavit;
(d) the issuing of any commission for the examination of witnesses.
(6) Any investigation before the Commissioner shall be deemed to be a judicial proceeding within the meaning of sections 193 and 228 4 5 o f l g 6 0 of the Indian Panel Code, and the Commissioner shall be deemed to be a civil court for the purposes of section 195 and Chapter XXVI of the Code of Criminal Procedure, 1973. 2 of 1074.
(7) A claimant who is dissatisfied with the decision of the Commissioner, may prefer an appeal against the decision to the principal civil court of original jurisdiction within the local limits of whose jurisdiction the registered office of the Company is situated:
Provided that where a person who ig a Judge of a High Court is appointed to be the Commissioner, such appeal shall lie to the High Court of Allahabad and such appeal shall be heard and disposed of by not less than two judges of that High Court.
22- (1) After admitting a claim against the Company under this Ordinance, 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 of such claim shall stand discharged.
SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY II
(2) If, out of the moneys paid to him in relation to the textile undertakings, there is a balance left after meeting the liabilities as specified in the Schedule, the Commissioner shall disburse such balance to the Company.
23. Any money paid to the Commissioner which remains undisbursed or unclaimed on the date immediately preceding the date on which the office of the Commissioner is finally wound up, shall be transferred by the Commissioner before his office is finally wound up, to the general revenue account of the Central Government, but a claim to any money so transferred may be preferred to the Central Government by the person entitled to such payment and shall be dealt with as if such transfer had not been made, and the order, if any. for payment of the claim being treated as an order for the refund of revenue.
Undlsbursed or unclaimed amount to be r'eposited with the lioneral zevenue account.
CHAPTER VII MISCELLANEOUS
24. The provisions of this Ordinance shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or in any instrument having effect by virtue of anv law, other thari this Ordinance, or in any decree or order of any court, tribunal or other authority.