Home / / Interim stay order issued against Institute of Valuers

Interim stay order issued against Institute of Valuers


Comments / 1412 Views / Monday, 31 October 2011 00:00


By S.S. Selvanayagam

The Court of Appeal issued an Interim Order Staying the decision of the Institute of Valuers of Sri Lanka to suspend one of its longstanding members from his membership.

The Bench comprised Justices S.Sriskandarajah (President) and Nalin Perera.

Petitioner E. Dayasena cited the Institute of Valuers of Sri Lanka, its President S.M. Wijepala and members and office bearers of the said institute.

Counsel Rajeev Amarasuriya instructed by Amarasuriya Associates appeared for the Petitioner. Hugo Anthony with Nelusha Dheerasekera appeared for the Respondents.

His counsel submitted the impugned punishment suspending the membership of the petitioner from the Institute of Valuers, which is a creature of Statute, for using an obsolete member seal, was patently ultra vires the provisions of the law and a nullity.

He also contended the decision to punish the petitioner did not carry the required number of votes and was therefore void and maintained the punishment was mala fide as it had been effected, even before the decision had been duly ratified by the Institute.

Petitioner, in his Writ application, states he is one of the senior most valuers of the Valuation Department and has been a member of the institute for 25 years.

He complains neither the law nor the regulations passed by the Minister stipulate the requirement for a seal and maintains the punishment imposed on him has been actuated in bad faith, for collateral and extraneous considerations.


Share This Article


COMMENTS

Today's Columnists

Sri Lanka ready to ride the global tourism trends in 2017?

24 January 2017

Strictly from a demand perspective, whilst Sri Lanka crossed the two million visitor arrivals, from a supply chain terrain, new properties coming into fray with brands like Anantara, RIU, Movenpick and very soon Shangri-La is encouraging for Sri L...


Too clever by three quarters on bonds

24 January 2017

‘Monk’s petition on eve of bond debate in House’ was the caption of a front page story in the Sunday Times of 22 January. The UNP has sent their emissary to Hulftsdorp together with footnotes. There is a palpable air of duplicity...


Steamrolling of Central Bank by Minister of Finance: An unsavoury development?

23 January 2017

An unsavoury rift between the Central Bank and Minister of Finance A growing rift between Finance Minister Ravi Karunanayake and the senior management of the Central Bank is surfacing now, worrying both financial markets and prospective fo...


Sustainability: How that translates to agriculture

23 January 2017

Once cultivated, traditional paddy that is grown organically will establish its own markets based on the consumer demand   For the longest time the word “sustainable agriculture” was a catch phrase only. I...


Columnists More