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srilawsby aturio
As enacted
Contents

Part XIII

402. Application for directions by a receiver

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

(1)

On the application of the receiver or the Authority, the court may –

(a)

give directions in relation to any matter arising in connection with the performance, exercise or discharge of any of the functions, powers and duties of the receiver;

(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 receiver has ceased to act as receiver when the application is made.

(3)

It is a defence to a claim against a receiver, in relation to any act, omission or decision of the receiver, that the receiver acted so in compliance with a direction given under subsection (1).

Read on from s 403

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