SC FR No 191/09 – Golden Key… – SC FR. NO. 191/09-2014

In the case between several petitioners, including Prof. H.M. Zafulla, Thilan Liyanage, and V.K. Choksy, and respondents such as Ceylinco Insurance Ltd., CIESOT Pvt. Ltd., and Nation Lanka Finance (Pvt) Ltd, the Court addressed complex corporate disputes involving asset identification, land conveyance, share transfers, and suspected corporate fraud related to the handling of trust mechanisms. A primary issue concerned the enforcement of stay orders on property and share transactions to prevent further alienation pending full investigation and regulatory clarification. The Court held that rigorous controls must be maintained over specified property conveyances and share transfers; certain corporate registries and the Registrar Generals must enter particularly described notations; and detail