Seylan Bank PLC vs. Abdul Cader Mohomed Faizer – SC CHC 45/2014-2024

In the case between Seylan Bank PLC (Plaintiff-Respondent) and Abdul Cader Mohomed Faizer and Seyyed Khan Azad Khan (Defendant-Appellants, partners of Regal Tyre House), the core issues addressed included the enforceability of re-scheduled term loan facilities secured by a Mortgage Bond and promissory notes, alleged non-compliance with Section 40(d) of the Civil Procedure Code, and claims of prescription. The sequence of events involved the Plaintiff-Respondent granting loans, subsequent default, issuance of a demand for repayment on 01.03.2007, and legal proceedings initiated on 20.03.2007. Examination of evidentiary material and witness testimony was undertaken regarding the validity and authenticity of the documents. The court determined that the plaintiff’s documentary evidence was adm