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srilawsby aturio
As enacted
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Part III · Creation of Security Rights and Rights of Parties

28. Power of court to issue an order of compliance

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

(1)

On an application made in that behalf, a Magistrate's

Court having jurisdiction shall have the power to make an order-

(a)

requiring the secured party or the person receiving a notice under subsection (1) of section 27, to comply with the request made by such notice;

(b)

exempting the secured party either wholly or partly from complying with the notice given under subsection (1) of section 27;

(c)

extending the time granted for complying with the notice issued under paragraph (a)

of subsection (1) of section 27; or

(d)

as it considers just in the circumstances.

(2)

Any person who fails to comply with an order made by a Magistrate under subsection (1) commits an offence under this Act and shall on conviction be liable to a fine not exceeding rupees five hundred thousand or to imprisonment for a period not exceeding one year or to both such fine and imprisonment.

Part IV

Perfection

Read on from Part IV

Part V

Priorities

Read on from Part V

Part VI

Registration

Read on from Part VI

Part VII

General Provisions

Read on from Part VII

Part VIII

Repeals and Savings

Read on from Part VIII

Part IX

Interpretation

Read on from Part IX