Master Feeds Ltd. vs People’s Bank – sllr 2013 volume 2 page 049

In the case between People’s Bank (Plaintiff) and Lanka Tractors Ltd. (Defendant), the court addressed the issue of whether the Plaintiff was entitled to recover payment and default interest under several Letters of Credit issued for the Defendant’s import transactions. It was held that the Plaintiff had duly effected payment under the Letters of Credit and was entitled to reimbursement from the Defendant. Further, claims and evidentiary objections not raised at trial could not be entertained for the first time on appeal. The principle that appellate review is confined to issues raised and adjudicated at trial was reaffirmed, emphasizing that parties must present all relevant issues at the appropriate procedural stage. This decision relied on established procedural rules governing appellat