Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsPayment of excess
| 58. If the mortgaged property is sold, the Bank shall, after deducting from the proceeds of the sale the amount due on the mortgage and the moneys and costs recoverable under section 57, pay the balance remaining, if any, either to the debtor or any person legally entitled to accept the payments due to the debtor, or where the Board is in doubt as to whom the money should be paid, in to the District Court of the district in which the mortgaged property is situate. |