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srilawsby aturio
As enacted
Contents

Part VI

106. Application for a Debt Rehabilitation Order

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

(1)

Whenever required by any creditor to do so, the

Bankruptcy Trustee —

(a)

shall provide the creditor with a list of the creditors in the Bankruptcy showing the amount of the debt due to each creditor; and

Rescue, Rehabilitation and Insolvency

(b)

shall be entitled to charge for such list such sum as may be prescribed.

(2)

Whenever requested by a resolution of the majority in value of creditors, the Bankruptcy Trustee shall —

(a)

provide any requesting creditor with a statement of the accounts up to the date of such request; and

(b)

be entitled to charge for the provision of such accounts such sum as may be prescribed, which may be repaid to any requesting creditor from the

Bankruptcy Estate if the court so directs.

(3)

The Bankruptcy Trustee shall maintain proper books in such manner as may be prescribed.

(4)

Any creditor of the bankrupt debtor, subject to the control of the court, may inspect any books maintained under subsection (3).

(5)

Where the Bankruptcy Trustee is a person other than the Official Receiver, the Bankruptcy Trustee shall from time to time, as may be prescribed, and not less than once in every year during the continuance of the Bankruptcy, transmit to the Official Receiver a statement showing the proceedings in the Bankruptcy up to the date of the statement.

(6)

Particulars to be included in the Official Receiver’s statement under subsection (5), and the form of such statement, may be prescribed.

(7)

The Official Receiver —

(a)

shall examine the statements transmitted under subsection (5);

(b)

shall call the Bankruptcy Trustee to account for any misfeasance, neglect or omission, which may

Rescue, Rehabilitation and Insolvency appear on the said statements or in his accounts or otherwise; and

(c)

may require the Bankruptcy Trustee to make good any loss which the Bankruptcy Estate may have sustained by the misfeasance, neglect or omission.

Read on from s 107

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

Schedules