People’s Bank and Seven Others v. Yasasiri Kasthuriarachchi – sllr 2010 volume 1 page 227

In the case between People’s Bank and Others (Plaintiff) and Yasasiril Kasthuriarachchi (Defendant), the court addressed whether the finality of prior appellate and Supreme Court decisions, particularly relating to the Parate Resolution dated 10th/17th July 1997, precluded further legal challenges to the validity of that Resolution. The court determined that the Supreme Court’s previous judgment conclusively validated the Parate Resolution and upheld the principles of res judicata and collateral estoppel, barring relitigation of issues previously adjudicated. The appeal was allowed, the interim stay issued by the Court of Appeal restraining the auction and sale of the property was set aside, and costs were imposed on the Petitioner-Respondent. The Respondent-Appellant was granted entitleme