News

HNB files action against Kabool Lanka Ltd. for recovering of debt

by Priyalal Sirisena
The Hatton National Bank has filed action for the recovery of debt from Kabool Lanka Ltd which is in the process of liquidation.

The Kabool Lanka request for liquidation has been made by Alexis Brendon Sosa, the Sri Lankan Director of the company on the grounds that it is facing financial difficulties.

The motion filed by Romesh de Silva PC, on behalf of HNB seeks action against Kabool Lanka to recover Rs. 1,847,803,750. The District Court Judge Lalitha Jayasooriya allowed the motion.


FEATURES | OPINION | BUSINESS | EDITORIAL | CARTOON | SPORTS | MIDWEEK