Zubair v. Bank of Ceylon – sllr 2000 volume 2 page 187

In the case between Zubair (Plaintiff) and Bank of Ceylon (Defendant), the court addressed whether the Bank of Ceylon was entitled to recover Business Turnover Tax under sections 19 and 26 of the Bank of Ceylon Act, and the legitimacy of selling mortgaged property by public auction to recover such dues, including additional charges. It was held that the Bank is entitled to recover not only the principal and interest but also all monies expended relevant to the transaction, including Business Turnover Tax, as permitted by the Act. The principle reaffirmed is that statutory provisions regarding debt recovery by the bank must be interpreted in a manner that upholds the legislative intent, rather than being limited by technicalities. The decision relied on the interpretation of sections 19 and