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 III · Debt Protection Moratorium Order

41. Duration of a Debt Protection Moratorium Order

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

(1)

A Debt Protection Moratorium commences when a court makes a Debt Protection Moratorium Order.

(2)

Subject to subsection (3), a Debt Protection

Moratorium continues for sixty days from the date on which it commenced under subsection (1), unless —

(a)

the Moratorium is cancelled in accordance with section 77;

(b)

the Moratorium ends with the death of the debtor under subsection (5); or

(c)

the Moratorium ends under subsection (6) with the making of a Personal Insolvency Order.

(3)

On an application made by the debtor, a court may extend the Moratorium period by an additional period not exceeding ninety days, where-Rescue, Rehabilitation and Insolvency

(a)

the court is satisﬁed that the debtor has acted in good faith and with reasonable expedition; and

(b)

the court is satisﬁed that the extension of the moratorium period will serve the objectives of this Act, including the debtor being allowed time to prepare an application for a Debt Restructuring

Arrangement under Part IV.

(4)

A court may extend the Moratorium period under subsection (3) no more than four times, and for a total period not exceeding three hundred and sixty days.

(5)

Where a debtor dies during a Moratorium period, the Moratorium ends on the day after the day on which the debtor died.

(6)

Where a Personal Insolvency Order is made in respect of the debtor, the Moratorium ends on the date of the

Personal Insolvency Order.

(7)

Where a Moratorium period ends in accordance with subsections (2), (5) or (6), the Oﬃcial Receiver shall cause all information relating to the Moratorium to be removed from the Personal Insolvency Register.

s 42 සිට කියවන්න

Part IV