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srilawsby aturio
As enacted
Contents

Part VIII

172. Bankruptcy off ences: Documents

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

(1)

The bankrupt debtor commits an offence if the bankrupt debtor does not deliver up possession to the Official

Receiver or the Bankruptcy Trustee, as the Official Receiver

Rescue, Rehabilitation and Insolvency or Bankruptcy Trustee may direct, or any financial record of which the bankrupt debtor has possession or control.

(2)

The bankrupt debtor commits an offence if such debtor—

(a)

prevents the production of any financial record;

(b)

has fraudulently parted with, altered or made any omission in, or been concerned in or abetted the fraudulent parting with, destroying, altering or making any omission in any financial record; or

(c)

attempts to account for any part of ones property by fictitious losses or expenses.

(3)

The bankrupt debtor commits an offence if the bankrupt debtor disposes of, alters or makes any material omission in, or causes or permits the disposal, altering or making of any material omission in, any financial record.

(4)

In this section “financial record”, in relation to a person to whom this section applies, means a book, document or record relating directly to –

(a)

provable debts or property forming part of the

Bankruptcy Estate; and

(b)

either the period since the commencement of the Bankruptcy, or the period of twelve months ending with the commencement of the

Bankruptcy.

Read on from s 173

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