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srilawsby aturio
As enacted
Contents

Part VIII

166. Personal Insolvency Procedures: Non-Compliance with responsibilities of debtors

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

(1)

A person who is party, as a debtor, to a Debt

Protection Moratorium Order shall commit an offence if the debtor –

(a)

intentionally fails to comply with an obligation under sections 32 and 42; or

(b)

provides information to the court or the Official

Receiver in connection with such an obligation, knowing the information to be false or misleading in a material respect.

(2)

A person who is a party, as a debtor, to a Debt

Restructuring Arrangement under Part IV shall commit an offence if the debtor-

(a)

intentionally fails to comply with an obligation under sections 32 and 56; or

(b)

provides information to the court, personal insolvency proposer, personal insolvency administrator or the Official Receiver in

Rescue, Rehabilitation and Insolvency connection with such an obligation, knowing the information to be false or misleading in a material respect.

(3)

A person who is party, as a debtor, to a Debt

Rehabilitation Order under Part V shall commit an offence if the debtor-

(a)

intentionally fails to comply with an obligation under sections 32 and 71; or

(b)

provides information to the court or the Official

Receiver in connection with such an obligation, knowing the information to be false or misleading in a material respect.

Read on from s 167

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