அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
Section 19A of the Debt Conciliation Ordinance
(Chapter 81) (hereinafter referred to as the “principal enactment”) is heredy amended as follows :-
(1)
by the insertion immediately after subsection (1) of that section, of the following new subsection :-
“(1A) The Board shall not entertain any application by a debtor or creditor in respect of a debt purporting to be secured by any such transfer of immovable property as is a mortgage within the meaning of this Ordinance, unless that application is made within three years of the date of the notarially executed instrument, effecting such transfer :
Provided that nothing in this subsection shall be read or construed as preventing the Board from entertaining, after the period referred to in that subsection, an application by a debtor who is in possession of the Property transferred ; and
(2)
by the substitution in subsection (2) of that section for the words and figures “subsection (1)”
of the words and figures “subsection (1) or subsection (1A)”.