Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsApplication of insolvency rules in winding up of insolvent companies
| 346. In the winding up of an insolvent company such rules as are in force for the time being under the law of insolvency or bankruptcy with respect to the estates of persons adjudged insolvent or bankrupt, shall be observed with regard to the respective rights of secured and unsecured creditors and to debts provable and to the valuation of annuities and future and contingent liabilities and all persons who in any such case would be entitled to prove for, and receive dividends out of, the assets of the company may take part by the winding up, and make such claims against the company as they respectively are entitled to By virtue of the provisions of this section . |