28. The liquidator appointed under section 27 shall, subject to the directions of the 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