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Court nod to implement Golden Key repayment plan

Mar 5, 2011 10:26:36 AM - itnnews.lk



The Suppreme Court has approved the implementation of the re-payment plan for Golden Key depositors who had been deprived of their deposits.


The repayment plan was crafted on a consensus reached by the Board of Directors of the related Company including Lalith Kotalawala and the Depositors Association. Action was initiated to present the repayment plan to Courts. The parties concerned also presented to Court the manner in which the funds would be secured. Granting the nod, the Supreme Court ordered the appointment of a ten-member Committee to monitor the implementation of the repayment plan.