A.G.S.K.Jayarathna vs Bank of Ceylon – CA WRIT/422/2017-2017

In the case between A.G.S.K. Jayarathna (Petitioner) and Bank of Ceylon with associated respondents (Respondents), the court addressed the entitlement of the petitioner to interim relief via writ, in light of allegations of suppression and misrepresentation of material facts, the commercial character of the transaction, potential abuse of judicial process through cross applications, and the sufficiency of alternative remedies. It was held that the petitioner’s application was fundamentally flawed due to misrepresentation and suppression of material information, including the petitioner’s dual role as shareholder and signatory as director. The findings established that timely notice of the auction had been provided, and that the petitioner had not pursued available, adequate remedies. The w