Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsCancellation of sale
| 59. Where the land sold is purchased by the Authority, the Authority may, at any time before the Authority re-sells that land, cancel the sale by an endorsement to that effect on a certified copy of the certificate of sale, upon the debtor or any person on his behalf paying the amount due in respect of the loan for which the land was sold (including the costs of seizure and sale) and interest on the aggregate sum at a rate not exceeding the prescribed rate. Such an endorsement shall, upon registration in the office of the Registrar of Lands, re-vest the land in the debtor as though the sale under this Part had not been made. |