Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsObjection to Schedule
| 65. Within twenty one days after the filing of the Schedule referred to in paragraph (c) of section 64, any depositor creditor, shareholder or other interested person may file objections to any step proposed to be taken. Any objections so filed shall be considered by the Court upon such notice to the Director of Bank Supervision and interested parties as the Court may specify. If an objection is sustained, the Court shall direct that an appropriate modification be made to the Schedule. After filing the Schedule the Director of Bank Supervision may, from time to time, make partial distribution to the holders of claims which are undisputed or which have been allowed by the Court, on condition that a proper reserve is established for the payment of disputed claims. As soon as possible after all objections have been decided upon, the Director of Bank Supervision shall make the final distribution. |