Sri Lanka Consolidated Acts

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Consumer Credit Act (No. 29 of 1982) - Sect 23

Effect of suspension of order for delivery of goods-

23.
(1) While the operation of an order for the specific delivery of goods to the owner is postponed under section 21, the hirer shall be deemed to be in possession of the goods under and on the terms of the hire-purchase agreement: Provided that
(a) no further sum shall be or become payable by the hirer or a guarantor on account of the unpaid balance of the hire-purchase price except in accordance with the terms of the order; and
(b) the court may make such further modifications of the terms of the hire-purchase agreement, and of any contract of guarantee relating to it, as the court considers necessary having regard to the variation of the terms of payment.
(2) If while the operation of an order for the specific delivery of goods to the owner is postponed under section 21 the hirer or a guarantor
(a) fails to comply with any condition of the postponement or with any term of the agreement as varied by the court; or
(b) wrongfully disposes of the goods,
(3) When the unpaid balance of the hire-purchase price has been paid in accordance with the terms of the order, the owner's title to the goods shall vest in the hirer.
(4) The court may at any time during the postponement of the operation of an order under section 21
(a) vary the conditions of the postponement and make such further modification of the hire-purchase agreement, and of any contract of guarantee relating to it, as the court considers necessary having regard to the variation of the conditions of the postponement;
(b) revoke the postponement;
(c) make an order, in accordance with the provisions of section 21, for the specific delivery of a part of the goods to the owner and for the transfer to the hirer of the owner's title to the remainder of the goods.
(5) If in any action to which section 21 applies an offer as to conditions for the postponement of the operation of an order under paragraph (b) of subsection (4) of that section is made by the hirer and accepted by the owner with the approval of court, an order under that paragraph may thereupon foe made by the court in accordance with the said offer without hearing evidence as to matters specific in that paragraph:

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