Industrial Finance Depositors Society Limited v. Monetary Board of the Central Bank of Sri Lanka – CA WRIT APPLICATION NO. 865/10-2012

In the case between Industrial Finance Depositors Society Limited and the Monetary Board of the Central Bank of Sri Lanka and Others, the court addressed the issue of the petitioner’s application to withdraw a previously filed writ application. It was held that, as the respondents raised no objection, the application for withdrawal was granted and the matter was dismissed pro forma without costs. This determination reaffirmed the principle that a writ application may be withdrawn with leave of court when all parties consent and no prejudice is caused. The decision rested on procedural fairness to all parties and reinforced the flexibility afforded in withdrawal of applications, emphasizing judicial economy and the absence of contest in such procedural matters.

S. Sriskandarajah J. — It w