The Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act, No. 12 of 2026, establishes the Insolvency Regulatory Authority in Sri Lanka, outlining its powers, duties, and the framework for personal and corporate insolvency. It includes provisions for debt protection, restructuring arrangements, and the roles of insolvency practitioners. The Act aims to provide a structured approach to managing insolvency cases effectively.
Sri Lanka Public News