මෙම අතුරුමුහුණත යන්ත්‍රයෙන් පරිවර්තනය කර ඇත. නීති සහ අධිකරණ තීන්දු ඒවායේ මූලාශ්‍ර භාෂාවෙන් පෙන්වනු ලැබේ.

පනවන ලද පරිදි

පටුන

Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026 · පනවන ලද පරිදි · Part XII

320. No beneﬁ t of execution or other process unless it has been completed before

නිල ඉංග්‍රීසි පරිවර්තනය. සිංහල පාඨය බලපවත්වයි. නිල Sinhala පාඨය විවෘත කරන්න, documents.gov.lk හි නිල PDF

(1)

Subject to subsection (2), a creditor shall not be entitled to the beneﬁt of any execution or other legal process or distress against a company in liquidation or any of its property unless the execution or other legal process or distress was completed before the commencement of the liquidation, except with the permission of the court on such terms and conditions as may be necessary.

(2)

For the purposes of subsection (1) –

(a)

an execution against movable or immovable property shall be completed by seizure, or the entry into possession of a receiver or appointee or a person charged with execution, and a completed sale; and

(b)

an attachment of a debt shall be completed by the satisfaction of the debt.

(3)

A person who acquires property of the company in good faith –

(a)

from a Fiscal charged with an execution process;

(b)

on which distress has been levied, acquires good title as against the company and liquidator.

(4)

Nothing in this section shall aﬀect or limit the application of sections 412 to 419.

Rescue, Rehabilitation and Insolvency

s 321 සිට කියවන්න