Perpetual Treasuries Files Writ Petition Against Monetary Board Directives

Perpetual Treasuries Files Writ Petition Against Monetary Board Directives
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Perpetual Treasuries Private Limited has filed a writ petition in the Court of Appeal seeking an Interim Order restraining Central Bank from taking action under the directives issued by the Monetary Board of Central Bank.

The petition has cited The Central Bank of Sri Lanka, Monetary Board of Central Bank, Central Bank Governor Indrajit Coomaraswamy, officials of Monetary Board and several others as respondents.

The petitioner also sought an order quashing the directives of the Monetary Board of Central Bank dated November 7, 2016 in respect of the Perpetual Treasuries.

The Monetary Board of Central Bank had issued directives against Perpetual Treasuries that was involved in controversial bond deals.

The petition will be taken up for mention on February 20.

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