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As enacted
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Part VII · Personal Insolvency Register

158. Removal of information from Personal Insolvency Register

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

(1)

On the discharge of the debtor from a personal insolvency procedure, the Authority shall remove all information relating to the debtor from the Personal

Insolvency Register.

(2)

On the removal of information relating to the debtor from the Personal Insolvency Register, the Authority shall retain all relevant records relating to the debtor’s case on file for a period of six years.

(3)

On the revocation of discharge under sections 79 or 144 the Authority shall-

(a)

republish in the Personal Insolvency Register the information relating to a debtor’s case as specified in section 157; and

(b)

record in the Personal Insolvency Register the making of a revocation order, and the date on which such revocation order was made.

(4)

Where a Personal Insolvency Order has been made in respect of a debtor on two or more occasions, the Authority shall —

Rescue, Rehabilitation and Insolvency

(a)

maintain information relating to the debtor on the

Personal Insolvency Register for a period of two years after the debtor’s discharge from a second or subsequent Personal Insolvency Procedure, or such period as may be prescribed; and

(b)

ensure that the Personal Insolvency Register contains all of the information required by this

Act in respect of the debtor and each insolvency event.

Read on from s 159

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