The Cabinet of Ministers has given its approval to publish the Draft Bill of the Recovery of Loans by Banks (Special Provisions) Act No. 4 of 1990, which was amended to facilitate legal provisions for the suspension of Parate Law.
Cabinet’s approval comes after the Attorney General cleared the Bill drafted by the Legal Draftsman.
Accordingly, the Draft Bill of the Loans by Banks (Special Provisions) Act will subsequently be tabled in Parliament for approval.
