Settlement Of Debts Law, No. 27 Of 1975
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Summary of Settlement Of Debts Law, No. 27 Of 1975
The Settlement of Debts Law aims to facilitate the resolution of specific debt categories in rural areas of Sri Lanka, excluding those within municipal or urban council limits. It mandates that creditors submit applications for debt settlement to the relevant Conciliation Board within three months of the law's appointed date. The law encompasses various types of debts incurred before this date and establishes that failure to apply results in the inability to pursue legal action for recovery...
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Settlement Of Debts Law, No. 27 Of 1975. English, Sinhala and Tamil PDFs.
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