National Savings Bank vs. HNB Finance PLC et al. – CA RII/21/2022-2022

In the case between National Savings Bank (NSB) and HNB Finance PLC, Entrust Securities PLC, and others, the court addressed whether NSB, participating as a managerial agent, retained locus standi to be heard in winding‑up proceedings after a liquidator’s appointment, and whether the remedies of revision and restitutio in integrum may be invoked in such context. It was held that NSB’s standing was not automatically negated by its status as a managerial agent, and revisionary jurisdiction under Article 138(1) of the Constitution remains operative unless expressly excluded. The principle reaffirmed was that limitations to constitutional judicial powers must be explicit, and revision is a distinct discretionary remedy. The decision drew upon relevant statutes, including the Companies Act and