Supreme Court told government will not sell eight state enterprises

April 3, 2026 at 10:39 AM

The Attorney General has informed the Supreme Court that the present government will not implement the previous administration’s decision to sell eight state enterprises, including Sri Lanka Telecom, SriLankan Airlines, the Insurance Corporation, and Lanka Hospitals.

The announcement was made during the hearing of a fundamental rights petition filed by Dr. Gunadasa Amarasekara and others, challenging the proposed sale. 

The petition was taken up before a three‑judge bench comprising Justices Achala Wengappuli, Mahinda Samayawardhena, and Sampath Abeykoon.

The respondents named in the petition include the Cabinet of Ministers of the former government and former President Ranil Wickremesinghe.

Representing the Attorney General, the state counsel stated that the current government has decided not to proceed with the sale of the institutions, and that a committee has been appointed solely to oversee restructuring efforts.

Appearing for the petitioners, Attorney Kanishka Witharana noted that, since the government has confirmed it will not proceed with the sale, there is no further need to continue with the petition.

After considering submissions from both sides, the Supreme Court bench concluded the hearing of the petition. (Newswire)