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Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026 · இயற்றப்பட்டவாறு · Part XI · Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements

285. Submission of an approved MSME Company Debt Restructuring Arrangement to the Oﬃ cial Receiver

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

(1)

After the proposal for a MSME Company

Debt Restructuring Arrangement has been accepted by the creditors, the personal insolvency proposer shall, as soon as practicable, submit to the Oﬃcial Receiver –

(a)

written notice of the result of the creditor vote at the MSME Company Debt Restructuring

Arrangement negotiation meeting; and

(b)

the ﬁnal terms of the MSME Company Debt

Restructuring Arrangement.

(2)

On receiving the documents set out in subsection (1), the Oﬃcial Receiver shall conﬁrm that the terms of the

MSME Company Debt Restructuring Arrangement satisfy the provisions of this Part.

Rescue, Rehabilitation and Insolvency

(3)

On conﬁrming that the terms of the MSME Company

Debt Restructuring Arrangement satisfy the provisions of this Part, the Oﬃcial Receiver shall issue a certiﬁcate recommending a MSME Company Debt Restructuring

Arrangement.

(4)

On issuing a certiﬁcate recommending a MSME

Company Debt Restructuring Arrangement, the Oﬃcial

Receiver shall -

(a)

present this certiﬁcate, together with notice of the result of the creditor vote at the negotiation meeting and the ﬁnal terms of the MSME

Company Debt Restructuring Arrangement, to the appropriate court; and

(b)

notify the

MSME debtor, the personal insolvency proposer and all creditors listed in the

Arrangement, of the issuance of the certiﬁcate.

(5)

The Oﬃcial Receiver may only refuse to issue a certiﬁcate recommending a MSME Company Debt

Restructuring Arrangement if –

(a)

the Arrangement does not satisfy the provisions of this Part;

(b)

the Oﬃcial Receiver becomes aware of a material inaccuracy in the MSME debtor’s statement of ﬁnancial aﬀairs or accompanying documents;

(c)

the Oﬃcial Receiver becomes aware of a material change in the MSME debtor’s circumstances that was not reasonably foreseeable in the

MSME debtor’s statement of ﬁnancial aﬀairs or accompanying documents; or

(d)

the Oﬃcial Receiver is of the opinion that the terms of the MSME Company Debt Restructuring

Rescue, Rehabilitation and Insolvency

Arrangement are not reasonable or are not fair to the MSME debtor and the creditors.

(6)

If the Oﬃcial Receiver refuses to issue a certiﬁcate recommending an MSME Company Debt Restructuring

Arrangement, the Oﬃcial Receiver shall-

(a)

provide reasons for this refusal to the MSME debtor, personal insolvency proposer and creditors of this refusal; and

(b)

notify the appropriate court of its recommendation that the court does not conﬁrm the coming into eﬀect of the MSME Company Debt Restructuring

Arrangement.

s 286 முதல் தொடர்ந்து படிக்கவும்

Part XII

Part XII முதல் தொடர்ந்து படிக்கவும்

Part XIII

Part XIII முதல் தொடர்ந்து படிக்கவும்

Part XIV

Cross - Border Insolvency

Part XIV முதல் தொடர்ந்து படிக்கவும்

Part XV

Part XV முதல் தொடர்ந்து படிக்கவும்

Part XVI

Part XVI முதல் தொடர்ந்து படிக்கவும்

Part XVII

Part XVII முதல் தொடர்ந்து படிக்கவும்