Sun, 29 May 2022 Today's Paper

Court of Appeal issues notice on Ceylinco Insurance segregation

13 May 2015 02:33 am - 0     - {{hitsCtrl.values.hits}}

A A A

By Lakmal Sooriyagoda
The Court of Appeal yesterday issued notice on Ceylinco Insurance and its life and general divisions, following a revision application filed by a shareholder against an order made by the District Court.
The shareholder in a petition filed in the Court of Appeal said that the District Court had, in an order delivered on March 26, ignored two previous orders given by the same court and instead upheld the first order granting approval for the proposed segregation.
In October last year, the District Court of Colombo granted approval for the segregation of the business to life and general. 
Thereafter, the same shareholder intervened and District Court Judge Sujatha Alahapperuma in two subsequent orders dated November 20 and December 5 held that her previous order granting approval was made “per incuriam” (through error of fact or law).
However, on March 26, 2014, newly appointed District Court Judge Frank Gunawardena made an order overruling the two previous orders and holding that the original order made in October stands.
The legal circus resulted in confusion among legal circles as well as shareholders and policyholders.
The revision application was thereafter filed by the same shareholder urging the court to revise the order made in March by the District Court.
Faiz Musthapha PC with Harsha Fernando, Anita Perera and Hafeel Farisz appeared on behalf of the shareholder.
The notice issued yesterday is returnable on May 26 when the case is to be called.
Court of Appeal President Justice Vijith Malalgoda and Justice H.C.J. Madawala heard the matter.
Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Rashini Ready to Fight Cancer, but needs help

Sri Lanka is officially bankrupt and on the precipice of starvation. Fuel que

Student’s basic right to education trampled due to ‘hair issue’

Education is a fundamental right guaranteed by the UN Charter and the Constit

Sajith will lead SL soon but this time he failed in his decision making - Harin

Tourism Minister and SJB MP Harin Fernando has come out strong on his decisio

Shocking inside stories of the sugar scam

In the backdrop of former Finance Minister Ali Sabry’s proposed plan to inc