20. The liquidator of a public corporation appointed under section 19 shall, subject to the directions of the appropriate Minister, have power to-
| (a) decide any questions of priority which arise between the creditors; |
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| (b) compromise any claim by or against the corporation with the sanction of the Minister previously obtained; |
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| (c) take possession of the books, documents and assets of the corporation; |
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| (d) sell the property of the corporation with the previous sanction of the Minister; and |
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| (e) arrange for the distribution of the assets of the corporation in a manner set out in a scheme of distribution approved by the Minister. |
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Sri Lanka Consolidated Acts