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srilawsby aturio
As enacted
Contents

Part VI

92. Commencement of Bankruptcy

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

(1)

The Bankruptcy of a debtor in respect of whom a

Bankruptcy Order has been made —

(a)

commences on the day on which the order is made; and

(b)

continues until the individual is discharged under this Part.

(2)

It shall be presumed that an act was done, or a transaction entered into or effected, after the date of commencement, but the presumption shall not apply if the contrary is proved.

(3)

Unless a Bankruptcy Order is the subject of an appeal –

(a)

no one may later assert that the making of the Bankruptcy Order was not valid or that a prerequisite for commencement was absent; and

(b)

the Bankruptcy Order shall be binding on every person.

Rescue, Rehabilitation and Insolvency

Read on from s 93

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