Cabinet nod to suspend ‘parate executions’ till 15th December 2024

The Cabinet of Ministers granted approval to the proposal furnished by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to suspend the procedure to acquire properties,  by the lending  banks up to 15.12.2024 and to amend section 4 of the Recovery of Loans by Banks (Special Provisions) Act No. 4 of 1990 to impose legal provisions required for the above.

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Source:: The Island