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srilawsby aturio
As enacted
Contents

Part XII

327. Essential services in liquidation

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

(1)

Notwithstanding anything to the contrary in any other enactment, a supplier of an essential goods or services shall not –

Rescue, Rehabilitation and Insolvency

(a)

refuse to supply the good or service to a liquidator, or to a company in liquidation, by reason of the company’s default in paying charges due for the good or service in relation to a period before the commencement of the liquidation; or

(b)

make it a condition of the supply of the good or service to a liquidator, or to a company in liquidation, that payment be made of outstanding charges due for the good or service in relation to a period before the commencement of the liquidation.

(2)

The charges incurred by a liquidator for the supply of an essential good or service shall be an expense of the liquidation for the purposes of the Fourth Schedule.

Read on from s 328

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