Ukwatte v. D.F.C.C. Bank – sllr 2004 volume 1 page 164

The case between Ukwatte (Plaintiff) and D.F.C.C. Bank (Defendant) addressed whether the Board of Directors of the Bank must be made respondents when seeking relief involving Board resolutions and examined the statutory interpretation of terms under the Recovery of Loans by Banks (Special Provisions) Act, No. 4 of 1990. It was held that failure to include the Board of Directors as parties is fatal to the petition, reaffirming the principle that strict compliance with required party participation is mandatory in such proceedings. The decision relied on section 10 of the Development Finance Corporation of Ceylon Act and section 4 of the Recovery of Loans by Banks Act, emphasizing the doctrine that clear statutory language should be interpreted in its natural meaning, leaving legislative chan

REF: sllr 2004 volume 1 page 164 Category: Tag:
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