Mahindasoma v. Gunawardena and Others – sllr 1986 volume 1 page 207

In Mahindasoma v. Gunawardena and Others, the appellate court considered the effect of an application by Magilin Suriyaarachchi under Law No. 16 of 1973 for the re-transfer of land during the pendency of partition proceedings and subsequent transfer to a bona fide purchaser, Mahindasoma. The issues before the court concerned whether the People’s Bank had “entertained” Magilin’s application and whether the Bank could pursue acquisition against Mahindasoma’s interest. It was held that the Bank does entertain an application once received and accepted, as evidenced by the bank’s initiation of formal action. The law was interpreted to permit the Bank to proceed with acquisition, notwithstanding a subsequent transfer to a bona fide purchaser. This decision clarified the statutory scope of Law No