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Contents

Part V · Winding Up of Licensed Bank

81. Appeals against rejected claims

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

(1)

Any claimant who is aggrieved by the rejection of a claim under the provisions of section 80 may, within a period of one month from the date of receipt of the notification under subsection (10) of section 80, apply to the court for an order for the admission of such claim.

(2)

The court may, after considering the application made under subsection (1), make order admitting or rejecting such claim.

(3)

Any claim admitted by the court under subsection (2), shall be removed from the list of rejected claims referred to in subsection (6) of section 80, and be recorded in a separate list of admitted claims to be maintained jointly by the court and the liquidator.

(4)

Any payment shall not be made by the liquidator on account of claims that are rejected by the court.

(5)

Any claimant whose claim has been rejected by the court, may appeal to the Supreme Court against such decision within forty-five days from the date of such decision and the provisions of the High Court of the Provinces (Special

Provisions) Act, No.10 of 1996 relating to appeals shall, mutatis mutandis, apply to and in respect of such appeal.