Domestic debt restructuring : SC dismisses petition on EPF & ETF

August 9, 2023 at 3:58 PM

The Supreme Court of Sri Lanka has dismissed the Fundament Rights (FR) Petition filed pertaining to the Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF) related to the Domestic Debt Optimization process.

The petition was filed by Attorney-at-Law Sunil Watagala on behalf of the Inter-Company Employees’ Union, its President Wasantha Samarasinghe and six others.

The petitioners sought an order from the Court preventing the government from waiving off the loans obtained from the EPF and ETF during the Domestic Debt Optimization process.

However, the Supreme Court today dismissed the petition without taking it up for hearing. (NewsWire)