R.M. Sanath C de Silva vs National Insurance Trust Fund Board – CA WRIT/24/2020-2023

In the case between R.M. Sanath C de Silva (Petitioner, CEO of the National Insurance Trust Fund) and the National Insurance Trust Fund Board, the Insurance Regulatory Commission of Sri Lanka, among others (Respondents), the court addressed the issue of whether the petitioner’s interdiction and subsequent retirement as CEO were executed in accordance with the principles of Natural Justice and statutory requirements. It was held that the processes leading to the petitioner’s interdiction and removal, including decisions made by the NITF Board and communications from the Insurance Regulatory Commission, met legal and procedural standards. The principle reaffirmed was that collective ratification by a competent Board, even where initial procedural deficiencies are alleged, may validate admini