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As enacted
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Part IV · Debt Restructuring Arrangements

64. Debt Restructuring Arrangement: 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 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)

make an order for the enforcement of any obligation of the debtor arising under sections 32

and 56;

(c)

treat the application as an application for

Termination of the

Debt

Restructuring

Arrangement under section 59; or

Rescue, Rehabilitation and Insolvency

(d)

order the personal insolvency administrator to commence the procedure for the variation of the

Debt Restructuring Arrangement under section 58.

Part V

Debt Rehabilitation Orders

Read on from Part V

Part VI

Read on from Part VI

Part VII

Personal Insolvency Register

Read on from Part VII

Part VIII

Read on from Part VIII

Part IX

Read on from Part IX

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