All Parate Executions have been suspended until 15 December, as per a Cabinet decision made yesterday (26).
The relevant proposal was furnished by President Ranil Wickremesinghe, in his capacity as the Minister of Finance, following a request made by Justice Minister Wijeyadasa Rajapakshe, Minister of Industries Ramesh Pathirana and President Ranil Wickremesinghe.
Accordingly, the relevant amendments are due to be presented before the Parliament soon.
State Minister of Finance Ranjith Siyambalapitiya had informed Parliament last week that steps will be taken to suspend the powers of the ‘Parate execution’ law for a certain period for the purpose of protecting the small and medium-scale entrepreneurs (SMEs).
(adaderana.lk)
