64. Within three months after the date specified in the notice for filing of objections or such longer period as may be determined by Monetary Board, the Director of Bank Supervision, shall
| (a) reject any claim if he doubts the validity thereof; |
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| (b) determine the amount, if any, owing to each identifiable depositor or other creditor and the priority attaching to his claim under the provisions of this Act; |
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| (c) prepare a Schedule of the scheme of work he proposes to take; |
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| (d) notify each person whose claim has not been allowed in full, and publish once a week for three consecutive weeks, a notice in three daily newspapers in the Sinhala, Tamil and English languages, which contains on intimation of the date and place, where the Schedule of the scheme of work he proposes to take, will be available for inspection.
The date so intimated, shall be a date not sooner than thirty days from the date of the third publication in the newspaper, upon which the Director of Bask Supervision will file the Schedule in Court. |
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Sri Lanka Consolidated Acts