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Contents

Part VI

149. Bankruptcy Applications and Bankruptcy petitions in cases of Partnerships

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

(1)

Any creditor whose debt is sufficient to entitle the creditor to present a Bankruptcy petition against all the partners of a firm may present a Bankruptcy petition under section 85 against any one or more partners of the firm without including the others.

(2)

Where all debtors are eligible for a Bankruptcy Order under sections 81 and 82, two or more debtors who are

Rescue, Rehabilitation and Insolvency partners in a business partnership may file a joint Bankruptcy application under section 81.

(3)

When a Bankruptcy Order is made under section 84 in respect of a joint Bankruptcy application, the Order applies both separately and jointly to the debtors.

Part VII

Personal Insolvency Register

Part VIII

Part IX

Part X

Compromises

Part XI

Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements

Part XII

Part XIII

Part XIV

Cross - Border Insolvency

Part XV

Part XVI

Part XVII

Schedules