Appeal Court Dismisses Petition Filed By Perpetual Treasures

Appeal Court Dismisses Petition Filed By Perpetual Treasures
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The Court of Appeal dismissed the Writ Petition filed by the Perpetual Treasuries Limited against imposing restriction on it by the Central Bank of Sri Lanka (CBSL).

The petition was rejected as it was taken into consideration before the Court of Appeal Bench comprising Rohini Walgama and S. Thurairaja.  It was decided to uphold the preliminary objection raised by the Attorney General on the maintainability of the petition on the basis of it being technically flawed.

The Counsel who appeared on behalf of the Perpetual Treasuries Limited has expressed their willingness to withdraw the petition.  The State Council has objected to the request and argued that petition filing fees should also be charged.

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