Sri Lanka Consolidated Acts

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National Housing Development Authority Act (No. 17 of 1979) - Sect 56

Certificate of sale

56.
(1) Where the mortgaged land is sold the General Manager on behalf of the Authority shall sign a certificate of sale and thereupon the right, title and interest of the borrower to and in the land shall vest in the purchaser; and thereafter it shall not be competent for any person claiming through or under any disposition whatsoever of the right, title or interest of the borrower to and in the land, made or registered after the date of the mortgage of the land to the Authority, in any court to move to invalidate the sale for any cause whatsoever or to maintain any right, title or Interest to or in the land as against the purchaser.
(2) A certificate signed by the General Manager on be- half of the Authority under subsection (1) shall be conclusive proof, with respect to the sale of any land, that all the provisions of this Part relating to the sale of the land have been complied with.
(3) The certificate of sale shall be in such form as may be approved by the Authority.
(4) Every certificate of sale issued under this section shall be liable to stamp duty and charges as if it were a conveyance of immovable property and to any registration and other charges authorized by law, all of which shall be payable by the purchaser :


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