The Hon. (Dr.) Harsha de Silva
Hon. (Dr.) Harsha de Silva sought clarification from the Minister on whether two proposals submitted by the Committee on Public Finance, following consultations with 15 stakeholder groups, would be incorporated at Committee Stage. He specifically asked whether the Bill’s 60-day period for MSMEs to negotiate with creditors and present a restructuring plan to court would be amended to 180 days, as proposed by the Committee, instead of relying on extensions through court orders.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 I will not make a full speech—just one clarification, Hon. Minister. The Committee on Public Finance held 15 stakeholder groups; thereafter we submitted 23 proposals to you in the presence of the Secretary and all officials. On two proposals—will you bring them at Committee Stage?
¶ 02 Specifically, for MSMEs, the Bill allows only 60 days to negotiate with creditors and come to court with a restructuring. It can be extended to 90 days by four court orders. We proposed at Committee on Public Finance—and the Secretary noted—to amend at Committee Stage to extend the 60 days to 180 days, aligning with commonly used regimes. Will you bring this at Committee Stage?
Provenance
- Source
- Hansard, Wednesday, 6 May 2026 ·No. 23541 ·English daily/uncorrected Hansard
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/lk/speeches/5524
Cite as: The Hon. (Dr.) Harsha de Silva. 10th Parliament, Parliament of Sri Lanka. Hansard, 6 May 2026. No. 23541. Politick, https://staging.politick.io/lk/speeches/5524