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srilawsby aturio
As enacted
Contents

Part VI

85. Petition for Bankruptcy Order

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

(1)

A party may apply for a Bankruptcy Order against a debtor in accordance with the following provisions of this

Chapter.

(2)

A petition for a Bankruptcy Order against a debtor under this

Chapter may be presented by —

(a)

a creditor;

(b)

creditors jointly, where there are two or more creditors; or

(c)

the Official Receiver.

(3)

The Official Receiver may petition for a Bankruptcy

Order against a debtor —

(a)

where the court has made an order terminating a Debt Restructuring Arrangement under section 59; or

Rescue, Rehabilitation and Insolvency

(b)

through a request for the conversion of a Debt

Rehabilitation Order into a Bankruptcy Order under section 77.

Read on from s 86

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