As enacted

Contents

1. Short title and date of operation

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

(1)

This Act may be cited as the Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act, No. 12 of 2026.

(2)

The provisions of this section shall come into operation on the date on which the certiﬁcate of the Speaker is endorsed in respect of this Bill in terms of Article 80 of the Constitution.

(3)

Subject to subsection (4), all other provisions of this

Act shall come into operation on the expiry of a period of six months from the date on which the certiﬁcate of the Speaker is endorsed under subsection (2).

(4)

The Minister may, at any time within one month prior to the date on which this Act is due to come into operation under subsection (3), by Order published in the Gazette, extend further the period speciﬁed in subsection (3):

Provided however, the aggregate period of such extension shall not exceed two years from the date on which the certiﬁcate of the Speaker is endorsed.

Read on from s 2

Part I

Read on from Part I

Part II

Personal Insolvency: Principles

Read on from Part II

Part III

Debt Protection Moratorium Order

Read on from Part III

Part IV

Debt Restructuring Arrangements

Read on from Part IV

Part V

Debt Rehabilitation Orders

Read on from Part V

Part VI

Read on from Part VI

Part VII

Personal Insolvency Register

Read on from Part VII

Part VIII

Read on from Part VIII

Part IX

Read on from Part IX

Part X

Compromises

Read on from Part X

Part XI

Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements

Read on from Part XI

Part XII

Read on from Part XII

Part XIII

Read on from Part XIII

Part XIV

Cross - Border Insolvency

Read on from Part XIV

Part XV

Read on from Part XV

Part XVI

Read on from Part XVI

Part XVII

Read on from Part XVII