Multiform interlining Manufacturing (Lanka) Company LTD. v. Lanka Orix Leasing Company LTD – CA 425/96F-1996

In Multiform Interlining Manufacturing (Lanka) Company Ltd., D.L.S. Shanthi Perera, and D.E. Perera (Appellants) v. Lanka Orix Leasing Company Ltd. (Respondent), the court addressed whether an appeal should proceed or be withdrawn following an agreement between the parties, and the effect of such withdrawal on rights in a related action in the District Court of Colombo. It was held that the appeal would be dismissed pro-forma in accordance with the settlement reached, with specific acknowledgment that the withdrawal would not prejudice any party’s rights in a separate District Court case (No. 16241M). The established principle reaffirmed the binding nature of settlements recorded by counsel and recognized that procedural withdrawals do not affect substantive rights in related proceedings w