Lanka Orix Leasing Company PLC vs Ravindra Lanka Auto Service (PVT) Limited – SC CHC 52/2019-2025

The case between Lanka Orix Leasing Company PLC and Ravindra Lanka Auto Service (PVT) Limited concerned the disbursement of a loan facility and the legality of default interest. The appellant sought to recover Rs. 48 million, later rescheduled to Rs. 38 million, while the respondent contended only Rs. 13 million was disbursed.

The court addressed whether the full loan amount was transferred and affirmed the Commercial High Court’s dismissal of the appellant’s action. This affirmed the principle that parties must prove the essential elements of their claims, particularly the disbursement of funds in loan agreements.

The decision relied on the interpretation of evidence, notably documents P4 and P9 indicating ‘monies receivable’ rather than ‘monies received’. The key takeaway emphasize