Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAdjustment of action
| 12. Where the defendant appears in court in response to the decree nisi and does not contest the decree nisi but admits liability and prays to liquidate the debt in instalments, the court dull minute this fact on the record and obtain the defendant's signature thereto. The court shall thereafter make the decree absolute and shall enter terms of settlement as to instalments for the liquidation of the debt sued for in term of section 408 of the Civil Procedure Code (Chapter 101). Such settlement shall operate as a stay of execution proceeding unless, the defeandent acts in breach of any of the terms of settlement in which event the institution shall be entitled to execute the decree. |