Sri Lanka, April 10 -- Parate law gets suspended through December 2025, with interim expiry dates based on loan quantum
The small and medium enterprises (SMEs) in the country received a further reprieve on the execution of the so-called parate law execution, as the government decided to provide further relief on the borrowers, who have been affected by the repeated crises.
To this end, the Finance Ministry extended the suspension, which was there on the parate law execution through the end of the year.
However, the latest relief under the suspension of the parate law will exclusively be available for those SMEs that had initiated discussions with the banks, prior to the expiry date of the previous extension on March 31.
The suspension ...