Wednesday Mar 25, 2026
Wednesday Mar 25, 2026
Wednesday, 25 March 2026 00:04 - - {{hitsCtrl.values.hits}}
The Commercial High Court of Colombo yesterday issued several interim injunctions against Blue Ocean Legand Ltd, Blue Ocean Waves and Link Engineering who are companies affiliated to the property developer Blue Ocean group.
In an action filed by Horton Realty Ltd., it was alleged that the Blue Oceans Group of Companies had agreed to transfer 13 apartment units of a condominium development situated at 19th Lane, Colombo 3 pursuant to a master agreement signed between the said companies and Horton Realty for approximately Rs. 477.9 million which contains debt set off by Blue Ocean Group of Rs. 277 million and about Rs. 191 million in lieu of steel that was to be supplied by a company affiliated to the Blue Ocean Group of Companies named G.T.B. Steel Ltd.
It was submitted to the Court that the Blue Ocean Group has not abided by their contractual obligations and has threatened to dispose and or alienate the apartment units that they have agreed to transfer to the Plaintiff.
The Commercial High Court of Colombo (Court 2) having heard the parties issued interim injunctions preventing the Defendant from cancelling or terminating the Master Agreement and terminating the Sale and Purchase agreement, further also preventing the alienation of the said apartment units.
Faiszer Musthapha PC with Dayasiri Jayasekara, Shaheeda Barrie Pulasthi Rupasinha and Sierra Amarasiri AALs appeared for the Plaintiff and Dr. Wijedasa Rajapaksha PC with Madava Jayawardane appeared for the 1st to 3rd Defendant Companies and Ikram Mohammed PC with Eranthi Abeywardane appeared for the 4th Defendant (who supported the Plaintiff’s case).
