Lanka Diamond Polishing Limited vs Mr. G.L.M. De Silva – 482/97-2013

In the case between Lanka Diamond Polishing Limited (Appellant) and Mr. G.L.M. De Silva (Chairman, Board of Review Inland Revenue) and others (Respondents), the court addressed the issue of the withdrawal of a writ application following an out-of-court settlement. The court held that, upon being notified by the appellant of the settlement and upon application of counsel, the writ application was permitted to be withdrawn and was dismissed with no order as to costs. This decision reiterates the procedural principle that a matter may be withdrawn on the basis of settlement prior to substantive determination, provided notification is duly given to the court. The outcome underscores the discretion of the court in managing procedural applications related to settlements, affirming established pr