Ajith Rohan Gunawardena vs Monetary Board of the Central Bank – SC FR 263/2009-2024

In the case between H.C.K. Kumarasinghe, D.E. Gunasekera, and others (original petitioners) and the Monetary Board of the Central Bank of Sri Lanka, the Central Bank of Sri Lanka, and associated state entities (defendants), the court addressed whether the petition by the 12th Respondent-Petitioner seeking relief including withdrawal of funds, trading in shares, and access to pension benefits should be entertained despite the absence of notice to original petitioners. The court held that the petition should be dismissed, maintaining previously issued orders related to the management and repayment of monies deposited by investors and depositors affected by the collapse of finance companies. The findings reaffirmed that the release of directors’ assets is subject to the prior satisfaction of