Sevanagala Sugar Industries Limited vs Prime Minister, D.M. Jayaratne, et al. – 643/11-2011

In the case between Sevanagala Sugar Industries Limited and the Prime Minister (D.M. Jayaratne) alongside 51 other government ministers, the Court addressed whether the respondents could be prohibited from appointing a competent authority under Section 3 of the Revival of Underperforming Enterprises and Underutilized Assets Act to assume control of the petitioner’s assets. The Court held that inclusion of the assets in Schedule II of the Act constituted a legislative determination that these assets had an adverse impact on the national economy and public interest, removing the requirement for any further administrative or judicial finding. The decision dismissed the necessity for notice and interim relief, reiterating the principle that legislative determination by Parliament, as reflected

REF: 643/11-2011 Category: Tag:
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