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Court allows People’s Bank to auction Daya Apparel property

Source: Sri Lanka Mirror
Category: Business
Region: General
Published: June 21, 2026 at 03:11

πŸ“ Summary

The Court of Appeal has dismissed a writ application filed by Daya Apparel (Pvt) Ltd challenging a decision by People’s Bank to auction a property mortgaged by the company to recover outstanding dues. The court ruled that the bank has the legal right to auction the property to recover more than US$1.42 million obtained by […]

πŸ”— Read Full Article at Sri Lanka Mirror ✨ Extract Article
🏷️ Keywords:
court bank auction property people daya apparel recover allows appeal

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