People’s Bank v. Lokuge International Garments Ltd. – SC CHC APPEAL 13/2001-2009

In the case between People’s Bank (Plaintiff-Appellant) and Lokuge International Garments Ltd. (Defendant-Respondent), the court examined whether an export bill of exchange, involving an alleged acknowledgment or admission by the defendant, could revive a prescribed action and if a subsequent letter of demand could yield a similar effect. The proceedings centered on the framing and adjudication of preliminary issues regarding prescription and estoppel, as well as the admissibility and effect of specific documentary evidence—especially a letter dated 16-03-1993 and a second letter of demand. The sequence of events included an appeal from the Commercial High Court, which had ruled on preliminary issues related to the limitation period. It was decided that the High Court erred in disposing of