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Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026 · இயற்றப்பட்டவாறு · Part VI

115. Description of Bankruptcy Estate

அதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள உரை மேலோங்கும். அதிகாரப்பூர்வ Sinhala உரையைத் திறக்கவும், documents.gov.lk-இல் அதிகாரப்பூர்வ PDF

(1)

The property of the bankrupt debtor divisible amongst the creditors, and in this Act referred to as the

Bankruptcy Estate, shall not comprise any of the protected property speciﬁed in sections 34 and 35.

Rescue, Rehabilitation and Insolvency

(2)

Subject to subsection (1), the Bankruptcy Estate shall comprise —

(a)

all property belonging to or vested in the bankrupt debtor at the commencement of the Bankruptcy;

and

(b)

any property which, by virtue of any of the following provisions of this Chapter, forms part of that estate or is treated as forming part of that estate.

(3)

In this Chapter, property, in relation to the bankrupt debtor, includes reference to any power exercisable by the bankrupt debtor over or in respect of property in or outside

Sri Lanka for the bankrupt debtor’s own beneﬁt.

(4)

For the purposes of this Chapter, property which forms part of the Bankruptcy Estate —

(a)

does so subject to the rights of any person other than the bankrupt debtor; and

(b)

a secured creditor may take possession of and realise and otherwise deal with property over which he has a security, disregarding any rights the secured creditor has surrendered under section 109 or in such manner as may be prescribed.

(5)

This section shall apply to any other enactment under which any property is to be excluded from a bankrupt debtor’s estate.

s 116 முதல் தொடர்ந்து படிக்கவும்

Part VII