SJ Solar + Storage Pte Ltd vs Vinseth Engineering (Pvt) Ltd and others – CA COC 0007/2022-2025

In the case concerning SJ Solar + Storage Pte Ltd vs Vinseth Engineering (Pvt) Ltd and others, the legal issue addressed was Contempt of Court resulting from a breach of an undertaking. The undertaking, given to the Commercial High Court of Colombo, prohibited the alienation of sequestered machinery without prior court permission. The central question posed was whether the act of mortgaging the machinery constituted a breach of this undertaking. Key events involved a settlement agreement leading to the release of sequestration, followed by the Respondents mortgaging the sequestered machinery through companies associated with them, without obtaining necessary court consent. Preliminary objections concerning the definition of ‘alienation’ were dismissed. Ultimately, findings established a wi

REF: CA COC 0007/2022-2025 Category: Tag:
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