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Court suspends divestiture process of SLT & Lanka Hospitals

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The Court of Appeal yesterday (27) issued an interim order preventing authorities from proceeding with the divestiture process of Sri Lanka Telecom and Lanka Hospitals Corporation PLC, until March 12.

Three Petitions were filed for Sri Lanka Telecom PLC including by Lyca Mobiles, and S.M.R. M company, while two petitions were filed for Lanka Hospitals Corporation PLC including by Lyca Leasing Holdings.

Upon the oral submissions made by President’s Counsel Kuvera De Zoysa, Court of Appeal Justice D.N. Samarakoon issued notices on respondents, returnable for March 12.

The petitioners named Minister of Finance Ranil Wickremesinghe, State Minister of Finance Shehan Semasinghe, the members of the special Cabinet-appointed negotiating committee for the purpose of selecting pre-qualified bidders for the strategic divestiture pertaining to 51.34% shares of Lanka Hospitals PLC and several others as respondents.

Kuvera De Zoysa, PC with Raslka Dissanayake, Sajana de Zoysa, Dinusha Pathirana and Shablr Huzalr instructed by Sanath Wijewardane appeared for the petitioners.

The petitioners had informed the court that they had submitted bids per the required criteria for the divestiture of the Sri Lankan Government’s shares of 50.23% in Sri Lanka Telecom PLC and 51.34% in Lanka Hospitals Corporation PLC.

The petitioners alleged that, however, the Cabinet of Ministers had rejected the bids without providing any clear explanations, adding that the decision was against the law.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (June 24).

The decisions taken by the Cabinet of Ministers are as follows :

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GoSL pledges to support upcoming Bora Conference

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The Sri Lankan government has pledged full support for the Bora community’s upcoming spiritual conference and annual convention.

Senior Advisor to the President on National Security and Chief of Presidential Staff, Sagala Ratnayaka, directed officials to ensure the event’s success during a meeting at the Presidential Secretariat.

The conference will be held at the Bambalapitiya Bora Mosque and the Sri Lanka Convention and Exhibition Centre from July 07 – 16.

This event will coincide with the Bora community’s spiritual conference in Karachi, Pakistan, and is expected to attract around fifteen thousand participants from various countries, including India.

The meeting highlighted the need for necessary infrastructure and facilities, particularly at the airport, to accommodate the large influx of attendees.

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8,000 UDA flat dwellers to get title deeds

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Urban Development and Housing Minister Prasanna Ranatunga said yesterday that arrangements have been made to provide title deeds to 8,000 residents of the apartments owned by the Urban Development Authority (UDA) next month, under the Government’s programme to provide title deeds to dwellers in such apartments in Colombo.

In addition, the National Housing Development Authority (NHDA) has also planned to give 1,070 title deeds to dwellers living in apartments in Colombo.

He said that this programme will be implemented according to the pledge given by President Ranil Wickremesinghe in the last Budget that 50,000 Colombo flat owners will be given their title deeds.

According to the UDA, 14,559 units of the 22 housing complexes have been given to low-income people.

Accordingly, the granting of title deeds will be made focusing on UDA housing projects of Mihindu Senpura, Sirisara Garden, Methsara Garden, Lakmuthu Sewana, and Sirimuthu Garden under the first phase.

In addition, title deeds of Laksandha Sevana, Randiya Uyana, Lakmuthu Uyana, Muwadora Uyana, Siyapath Sevana, Puradora Sevana, Jayamaga Sevana, Mihijaya Sevana, Helamuthu Sevana, Laksetha Sevana and Lakhiru Sevana housing projects are to be given to its dwellers before the end of this year.

The NHDA will first issue the title deeds for the apartments that have been built in the Colombo Municipal Council areas.

Transferring of ownerships of these houses to dwellers has been delayed due to the problematic situation arising from certain related rules and regulations. The Minister emphasised that he has already discussed with the Attorney General and obtained the necessary advice in this regard.

Minister Ranatunga further stated that all Colombo flat owners will be given their title deeds before the end of this year.

After giving the deeds to the owners of these houses, it is expected to carry out maintenance and management of these houses by a joint management corporation which will be established with the representation of the resident population.

An amount of Rs. 2 billion has been allocated in the 2024 Budget for providing ‘Urumaya’ freehold deeds to all who are eligible to receive and confirm landownership in the next two months.

(dailynews.lk)

 (This story, originally published by dailynews.lk has not been edited by SLM staff)

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