22 October 2022 12:00 am Views - 325
By Lakmal Sooriyagoda
The Supreme Court has reserved its order to determine whether investor ZRA Holdings has acted in breach of the investment agreement of Ceylinco F&G Companies.Accordingly, the Supreme Court would deliver its order regarding this issue in due course.
The Fundamental Rights petition filed on behalf of the depositors attached to Ceylinco F&G Companies was taken up before Supreme Court to bring the attention of Court regarding the matters that have arisen out of and in relation to the Investment Agreement dated 30/04/2021 entered into between ZRA and the fifth respondent F&G Property Developers (Private) Limited and the sixth respondent F&G Real Estate Company Limited and the delay in the depositor’s receiving back the money that they lost which had been deposited in these two companies.