Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026 · As enacted · Part V · Debt Rehabilitation Orders
75. Creditor objection to Debt Rehabilitation Order
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
A creditor to whom an included debt is owed may apply to the court to object to —
the making of the Debt Rehabilitation Order; or
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the inclusion under the Debt Rehabilitation Order of the creditor’s debt.
An objection under subsection (1) shall -
be made not later than twenty one days from the date on which the Official Receiver informed creditors of their right to object to the order under subsection (6) of section 70;
be made by the lodging by the creditor of a written notice of objection with the court, and of a written notice to the debtor and the Official
Receiver; and
be based on grounds referred to in subsection (3).
The grounds for objection to an order shall be limited to the following:-
the debtor did not satisfy the eligibility criteria under section 66 at the time of the making of a
Debt Rehabilitation Order application; or
there is a material inaccuracy in the Debt
Rehabilitation Order application, or in any material provided by the debtor in support of the application, which has caused a material detriment to the applicant.
On receiving an application to object to the order, the court shall fix a date for a hearing of this application, to take place within ninety days after the receipt of the application.
The court shall provide written notice to the debtor, creditors and the Official Receiver of the hearing of the application to object to the order, in such manner as may be prescribed.
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On receiving an application to object to the order, the court may require the Official Receiver-
to provide information to the court which may assist the court in making a determination; or
to conduct an investigation into any matter that appears to the court to be relevant to the making of a determination.
On receiving an application to object to the order, the court may extend the duration of the order for the purposes of properly considering the matter, provided that-
such extension shall not exceed a period of ninety days beyond the initial duration of the order; and
the court has due regard to -
any unfairness to the debtor which might result from the extension of the order period;
and
the extent to which an extension will further the goals of the Debt Rehabilitation Order procedure, including those specified in section 65.
On the hearing of an application to object to the order, if the court finds that the grounds referred to in subsection (3) have not been established, the court shall-
dismiss the objection; and
require the objecting creditor to pay incurred costs to the debtor, or such other amount as it finds necessary.
On the hearing of an application to object to the order, if the court finds that any of the grounds referred to in subsection (3) have been established, the court may-Rescue, Rehabilitation and Insolvency
terminate the Debt Rehabilitation Order; or
make an order amending the Debt Rehabilitation
Order, including the removal of the debt which was the subject of the objection under this section.
Part VI
Part VII
Personal Insolvency Register
Part VIII
Part IX
Part X
Compromises
Part XI
Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements
Part XII
Part XIII
Part XIV