Randunu Dewage Kingsley Ananda Wickremasinghe vs LOLC Finance PLC – SC/CHC/APPEAL 26/2020-2025

In the case between Randunu Dewage Kingsley Ananda Wickremasinghe vs LOLC Finance PLC (Formerly known as Lanka Orix Finance Company PLC), the court addressed issues around the validity and enforceability of a loan agreement entered to settle a cheque discounting liability. The central questions concerned whether the 1st Defendant was contractually bound based on documentary evidence, including whether there was valid formation of contract and intention to create legal relations, alongside evidentiary considerations and calculation of outstanding sums with interest. It was held that the documentary and circumstantial evidence established the existence of an enforceable loan agreement, that the 1st Defendant was liable for repayment, and that the interest and amounts due should be calculated