CIFL winding up petition to be heard on 30 Nov.

• CBSL informs creditors or contributors of the Finance Company that the petition filed by it will be heard on 30 Nov.
• The winding up will be subject to the supervision of the Commercial High Court of Colombo

The Central Bank of Sri Lanka has informed any creditor or contributory of Central Investments & Finance Ltd. to be present at the Commercial High Court of Colombo on 30 November when the Court will hear the petition on the winding up of this company.

Director of the Department of Supervision of Non-Bank Financial Institutions of CBSL has issued a Gazette notification titled Advertisement of Petition on the Winding-up of Central Investments & Finance Ltd. subject to the supervision of court in terms of the Companies Act, No. 07 of 2007 read with Sections 32 and 37 of the Finance Business Act, No. 42 of 2011.

The Notice was given by CBSL subject to provisions of Section 37(5) of the Finance Business Act informing that a petition for the winding up of the above-named company subject to the supervision of the Commercial High Court of Colombo was presented to Court by W. Ranaweera, then Director, Department of Supervision of Non-Bank Financial Institutions, CBSL on 3 December 2019.

The petition is to be heard before the Court on 30 November, and CBSL has informed any creditor or contributory of the company desirous to support or oppose the making of an order on the said petition to appear at the time of hearing in person or by his counsel or proctor for that purpose.

Any person who intends to appear on the hearing of the said petition must serve on or send by post to the Director of Department of Supervision of Non-Bank Financial Institution notice in writing of his intention to do so.

The notice must state the name and address of the person, or, if a firm, the name, and address of the firm, and must be duly signed and sent not later than 1 p.m. of 28 November.

A copy of the petition will be furnished to any creditor or contributory of the company if they so require on payment of the prescribed charge.