Amaradasa Liyanage vs Sampath Bank PLC – SC APPEAL NO. 126/2012-2014

In the case between Amaradasa Liyanage, operating as “Kosmodara Tea Factory,” and Sampath Bank PLC, the Court addressed the validity of a Certificate of Sale issued under the Recovery of Loans by Banks Act, specifically considering the implications of procedural irregularities in the execution and statutory compliance of the certificate. It was held that a Certificate of Sale, though signed by only two members of the board rather than all, remained valid and constituted conclusive proof that all necessary legal and procedural requirements had been met. This principle was reaffirmed through a detailed statutory interpretation, determining that minor procedural lapses did not invalidate a substantially proper certificate. The decision relied on established case law and statutory provisions,