The Colombo Commercial High Court has ordered the public auction of three companies reportedly linked to former Minister Daya Gamage.
According to a notice issued by the Court Registrar and Deputy Fiscal, the auction is scheduled to take place on July 2 at 10:00 AM.
The decision follows a case filed by People’s Leasing & Finance PLC to recover an outstanding sum of approximately Rs. 104.2 million. Out of the total due amount of Rs. 108.3 million, only around Rs. 4.08 million has been settled by the respondents so far.
The auction is being carried out in accordance with a court judgment delivered on November 10, 2022, which authorized the recovery of the remaining balance. (Newswire)
The companies to be auctioned are:
* Daya Group Limited
* Daya Apparel Exporters (Private) Limited
* Olympus Construction (Private) Limited