Skip to content
srilawsby aturio
As enacted
Contents

Part V · Debt Rehabilitation Orders

72. Duration of Debt Rehabilitation Order

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

(1)

The Debt Rehabilitation Order continues in effect until an Order of Discharge has been made under section 73, which shall be made as soon as practicable after the expiry of a period of one year from the date of the Debt

Rehabilitation Order.

(2)

The Debt Rehabilitation Order can continue for a period longer than that specified in subsection (1), if the court extends the Order under section 75, 76 or 77 for the purposes of properly considering whether the Debt Rehabilitation

Order should be terminated or converted.

(3)

When the court extends an Order under subsection (2), the court shall specify an alternative date for discharge, which shall not exceed ninety days after the expiry of the initial period of one year from the date of the Debt

Rehabilitation Order.

Read on from s 73

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