10. Payment of amount for deprivation of management.—For the deprivation of the Metal
Corporation of the management of its undertaking, there shall be given, in cash, to the Metal Corporation
by the Central Government, an amount, calculated at the rate of rupees eleven lakhs and thirty-nine
thousand per annum, for the period commencing on the 22nd day of October, 1965, and ending on the
appointed day.
11. Payment of amount for acquisition of the undertaking.—For the transfer to, and vesting in, the
Central Government, under section 7, of the right, title and interest of the Metal Corporation in relation to
its undertaking, there shall be given, in cash, by the Central Government to the Metal Corporation, an
amount of rupees one crore and ninety-eight lakhs.
12. Time of payment.—(1) The amount determined under section 10, and the amount payable under
section 11, shall be given by the Central Government to the Metal Corporation before the expiry of a
period of three months from the appointed day (hereafter referred to as the specified period).
(2) The amount referred to in sub-section (1) shall, if not paid before the expiry of the specified
period, carry simple interest at the rate of four per cent. per annum, for the period commencing on the
date of expiry of the specified period and ending on the date on which payment of such amount is made
by the Central Government to the Metal Corporation:
Provided that no interest shall run from the date on which the amount is tendered to the Metal
Corporation if the amount so tendered is not accepted by it