The Colombo Commercial High Court has ordered the public auction of three companies reportedly linked to former State Minister Daya Gamage, to recover an outstanding sum owed to People's Leasing and Finance PLC.
According to a public notice issued by the Registrar and Deputy Fiscal of the High Court, the auction is scheduled for July 2 at 10 a.m.
The companies listed for auction are Daya Group Limited, Daya Apparel Exporter (Pvt) Ltd, and Olympus Construction (Pvt) Ltd.
The auction is being conducted to recover a balance of Rs. 104,229,342, as per a court judgment delivered on November 10, 2022.
Since the respondents have so far paid Rs. 4,080,000 from the total sum of Rs. 108,309,342 owed to the finance company, the remainder is now being sought through the sale of the companies' assets under court order.
Leave your comments
Login to post a comment
Post comment as a guest