Pan Asia Bank Ltd. vs Kandy Multipurpose Co-operative Society and Others – sllr 2005 volume 2 page 211

In Pan Asia Bank Ltd. v. Kandy Multipurpose Co-Operative Society and Others, the court considered the enforceability of a bank guarantee issued in connection with a contractual relationship for the distribution and sale of milk powder, specifically addressing the validity of an affidavit and attestation in support of a petition for leave to appeal. It was determined that procedural compliance with affidavit requirements under the Court of Appeal rules and Civil Procedure Code is mandatory and that defects in attestation and signature placement render the affidavit invalid. The claim that a bank guarantee extends liability beyond the express contractual terms was analyzed and dismissed in line with prevailing legal principles, including reference to relevant authorities. The outcome affirme