Supreme Court upholds Commercial High Court’s ruling in favour of People’s Bank against Yashodha Holdings



HC (Civil) 90/99 (1) was filed on 02.08.1999 in the Commercial High Court of the Western Province holden in Colombo against Yashodha Holdings (Pvt) Limited by the People’s Bank to recover the outstanding of a Short Term Loan facility of sum of Rs.120,000,000/-.

The Commercial High Court delivered its Judgment in favour of the Bank and Yashodha Holdings (Pvt) Ltd appealed against the said Judgment to the Supreme Court under Case No. SC(CHC) Appeal No.01/2018 which was dismissed by the Supreme Court on 04.12.2023 with cost, confirming the Judgment of the said Commercial High Court.

S.A. Parathalingam, President’s Counsel, with Kushan D’ Alwis, President’s Counsel, and Hiran Jayasuriya, Attorney-at-Law, appeared for the People’s Bank.