8. Payment of amount.—For the transfer to, and vesting in, the Central Government, under
section 3, of the undertakings of each of the two companies, and the right, title and interest of each of the
two companies in relation to its undertakings, there shall be paid by the Central Government to each of
the two companies, in cash and in the manner specified in Chapter VI, amount equal to the amount
specified against the name of such company in the First Schedule.
9. Payment of further amounts.—(1) For the deprivation of the two companies of the management
of their undertakings during the period commencing on the date on which the undertakings of each such
company was taken over in pursuance of the orders made by the Central Government under the provisions
of the Industries (Development and Regulation) Act, 1951 (65 of 1951) and ending on the appointed day,
there shall be paid by the Central Government to each of the Companies in cash, an amount of rupees fifty
thousand.
(2) The amount referred to in section 8 and the amount specified in sub-section (1) 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 amounts is made by the Central Government to the
Commissioner.
(3) The amount referred to in sub-section (1) and the amount determined in accordance with the
provisions of sub-section (2) shall be given by the Central Government to the two companies in addition
to the amount specified in section 8.
(4) For the removal of doubts, it is hereby declared that the liabilities of either of the two companies
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 8, and also from the amount specified in sub-section (1)
and the amount determined under sub-section (2), in accordance with the rights and interests of the
creditors of the two companies.