Court suspends divestiture process of Lanka Hospitals

28 February 2024 09:26 am Views - {{hitsCtrl.values.hits}} 8 Bookmark

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Colombo, Feb 28 (Daily Mirror) - The Court of Appeal today issued an interim order preventing the authorities from proceeding with the divestiture process of the Lanka Hospitals Corporation PLC, until March 12.

The Court of Appeal made this order pursuant to a writ petition filed by Lyca Leasing Holding Limited and HAIMS International Limited challenging the refusal to consider the petitioners’ application for prequalification in the Request for Qualification (RFQ) for the strategic divestiture of 51.34% of the Lanka Hospitals Corporation PLC.

Upon the oral submissions made by President’s Counsel Kuvera De Zoysa, Court of Appeal Justice D.N. Samarakoon issued notices on respondents, returnable for March 12.
The Court of Appeal Registrar is directed to issue notice forthwith and also, the interim order to the respondents through ordinary means and also, to communicate over telephone and fax if the petitioners pay charges.

The petitioners named Minister of Finance Ranil Wickremesinghe, State Minister of Finance Shehan Semasinghe, the members of the special Cabinet-appointed negotiating committee for the purpose of selecting pre-qualified bidders for the strategic divestiture pertaining to 51.34% shares of Lanka Hospitals PLC and several others as respondents.

Kuvera De Zoysa, PC with Raslka Dissanayake, Sajana de Zoysa, Dinusha Pathirana and Shablr Huzalr instructed by Sanath Wijewardane appeared for the petitioners.

Comments - 8

Can't be dirty when fighting for rights Wednesday, 28 February 2024 09:57 AM

Is Lyca mobile a money laundering outfit making the blood money of the LTTE terror outfit white through FDIs? Overseas Tamils who fought hard and donated their money to the LTTE to gain equality and fair play should think clearly if they are also now complicit in illegal acts done by the LTTE fronts or the wolves in sheep clothing who are now benefitting from all those donations made for a cause.

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Mohammad Zarook Wednesday, 28 February 2024 10:26 AM

Suresh Shah is playing a double game, don't be surprised if he encouraged Lyca Kotiyas to file the case.

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David Wednesday, 28 February 2024 10:43 AM

Having known Mr Shah in a professional capacity for over four decades and he would never stoop to such activities and tarnish his reputation. He would without any hesitation walk away with his head held high, rather than taint his career reputation.

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Wiraj Wednesday, 28 February 2024 01:05 PM

What is that Kotiya remark forb in a commercial transaction, you hat turning Thambyah?

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Sivalingam Wednesday, 28 February 2024 10:28 AM

Negotiations committee are Kaputas.

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Kumara Choksanada Wednesday, 28 February 2024 02:13 PM

Siresh Shah sold alcohol during most of his career.

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Lalith Wednesday, 28 February 2024 03:28 PM

He ran a very successful brewery operation and took the organisation forward on great strides. In addition he has headed up the Ceylon Chamber of Commerce, has been a Council Member of the Moratuwa University, Commissioner of the Securities and Exchange Commission, and a Member of the Monetary Policy Consultative Committee of the Central Bank. Wonder whether persons choosing to sneer a successful business leader can match those credentials?

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Harini Amarasuriya Wednesday, 28 February 2024 02:14 PM

Negotiating committee seems to be negotiating for buyers favour.

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