Withana Pathirannehelge Nishanhai Pathirana vs Hatton National Bank PLC – CA WRT 620/23-2025

In the case between Withana Pathirannehelge Nishanhai Pathirana, Thilak Madhuwantha Gunasinghe (Petitioners) and Hatton National Bank PLC, its Board of Directors, and other associated respondents (Respondents), the issue concerned the validity of the Respondent Bank’s decision to auction the “Eminence Luxury Banquet Hall” property without conducting a recent valuation, and whether the Petitioners were improperly denied a loan moratorium under Circular P25. It was held that the auction process did not warrant judicial intervention due to the Petitioners’ status as habitual defaulters and the availability of alternative remedies, reaffirming the principle that procedural irregularities alone are insufficient grounds to restrain a statutory foreclosure, especially where opportunities to remed