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As enacted
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Part XI · Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements

278. MSME Company Debt Restructuring Arrangements: Eligibility Criteria

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

A MSME debtor shall be eligible to enter into an

MSME Company Debt Restructuring Arrangement when it meets all of the following criteria:-

(a)

the MSME debtor is unable, or is likely to be unable to pay some or all of its debts as they become due in the normal course of business, in accordance with section 409; and

(b)

the MSME debtor is not currently in liquidation proceedings.

Read on from s 279

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