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srilawsby aturio
As enacted
Contents

Part VI

131. Validity of certain payments to bankrupt debtor and assignee

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

(1)

This section applies where a person makes a payment of money or delivery of property to a person in respect of whom a Bankruptcy Order is subsequently made, or to a person claiming by assignment from such person.

(2)

The payment of money or delivery of property constitutes a good discharge to the person paying the money or delivering the property, where the payment or delivery is made before the actual date on which the Bankruptcy

Order –

(a)

is made, without notice of the presentation of a bankruptcy petition or application; and

(b)

is made pursuant to the ordinary course of business or is otherwise made in good faith.

Read on from s 132

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