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

295. MSME Company Debt Restructuring Arrangements: court directions

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

(1)

The Official Receiver, or a personal insolvency administrator, may make an application to the court for directions or an order in relation to any matter arising in connection with a MSME Company Debt Restructuring

Arrangement.

(2)

On an application under subsection (1), the court may-

(a)

give the Official Receiver or personal insolvency administrator directions as the court deems appropriate;

(b)

treat the application as an application for

Termination of the MSME Company Debt

Restructuring Arrangement under section 290; or

(c)

order the personal insolvency administrator to commence the procedure for the variation of the MSME Company Debt Restructuring

Arrangement under section 289.

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