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srilawsby aturio
As enacted
Contents

Part VI

143. Court Determination of Application to contest a discharge

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

(1)

On the hearing of an application to contest a discharge, the court may, having regard to the circumstances of the case —

(a)

immediately and unconditionally discharge the bankrupt debtor; or

(b)

discharge the bankrupt debtor but suspend the order for a fixed period.

(2)

Where the court suspends a discharge order, the effect of the order shall be that the bankrupt debtor be discharged no later than one year after the expiry of —

(a)

where subsection (1) of section 137 and section 138 apply, the period of three years; or

(b)

where subsection (2) of section 137 and section 139 applies, the period of seven years, from the date of the Bankruptcy Order.

Rescue, Rehabilitation and Insolvency

Read on from s 144

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