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srilawsby aturio
As enacted
Contents

Part V · Winding Up of Licensed Bank

79. Registration of claims

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

Any claim on a licensed Bank subject to winding up shall be made to the liquidator in writing, within four months from the date of winding up order.

(2)

Any claim under subsection (1) shall accompany the documentary evidence in relation to such claim, including the following information at a minimum: -

(a)

the name and address of the creditor;

(b)

nature of the claim, including the amounts of interest and other charges, penalties and taxes included in the principal amount of the claim; and

(c)

details concerning any mortgage, lien or guarantee securing the claim, including the name and address of any guarantor.

(3)

Subject to the provisions of subsection (5) of section 80, the liquidator shall register each such claim made to him under subsection (1) and issue a receipt in such form as may be specified by the Central Bank in proof of such registration.

(4)

The receipt referred to in subsection (3), shall be prima facie evidence of the registration of a claim.

(5)

Anything contained in this section shall not apply to any claim submitted by a depositor in respect of a deposit recorded in the books or records of a licensed bank subject to winding up, and such claim shall be admitted for the amount so recorded, for the purpose of giving effect to the winding up order.

Read on from s 80

Schedules