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srilawsby aturio
As enacted
Contents

Part IX

261. Application for directions by an administrator or deed administrator

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

(1)

On the application of an administrator or deed administrator or the Authority, the court may –

(a)

give directions in relation to any matter arising in connection with the performance, exercise and discharge of any of the functions, powers and duties of the administrator or deed administrator, as the case may be;

(b)

revoke or vary any such directions.

(2)

The powers conferred under subsection (1) –

(a)

are in addition to any other powers the court may exercise; and

(b)

may be exercised whether or not the administrator or deed administrator, as the case may be, has ceased to act as such when the application is made.

(3)

It is a defence to a claim against an administrator or deed administrator, in relation to any act, omission or decision of the administrator or deed administrator, as the case may be, that the administrator or deed administrator, as the case may be, acted in compliance with a direction given under subsection (1).

Rescue, Rehabilitation and Insolvency

Read on from s 262

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