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Application of Fund.

Application of Fund :

Section – 441D. The Fund shall be applied by the Tribunal for the purpose of

(a)   making interim payment of workmen’s dues pending the revival or rehabilitation of the sick industrial company; or

(b)   payment of workmen’s dues due to the workmen, referred to in sub-section (3) of , of the sick industrial company; or

(c)   protection of assets of sick industrial company; or

(d)   revival or rehabilitation of sick industrial company;

which in the opinion of the Tribunal are necessary or expedient for the said purposes.