Bimputh Lanka liquidation advances, Supreme Court appeal ongoing

Wednesday, 30 September 2026 00:03 - - {{hitsCtrl.values.hits}}

Bimputh Lanka Investments PLC’s liquidation is moving ahead, with the court-appointed liquidator filing a preliminary report on the process, even as the company’s challenge to the winding-up order remains before the Supreme Court, the company said yesterday.

The Commercial High Court of the Western Province, in Colombo, ordered that the company be wound up under Section 270(e) read with Section 271 of the Companies Act No. 07 of 2007, provisions that allow a court to wind up a company unable to pay its debts.

The company has sought leave from the Supreme Court to appeal against the order. The case is still being heard, and the company said it would update the market once a determination is made.

Liquidator G.K. Sudath Kumar was appointed on 26 June, 2025. Notice of his appointment and of the winding-up order was published in the newspapers and in the Government Gazette of 18 July, 2025, and the relevant form was filed with the Registrar of Companies.

The Liquidator has since called for Statements of Affairs, formal declarations of the company’s assets and liabilities, from its Directors, and has filed his preliminary report on the conduct of the liquidation.

The company said it would make further announcements as material developments arise.