ETI Finance informs Court on proposal to repay depositors’ money | Daily News

ETI Finance informs Court on proposal to repay depositors’ money

ETI Finance Ltd yesterday informed the Colombo Commercial High Court that a proposal prepared by the company to repay depositors’ money has been handed over to the Central Bank of Sri Lanka.

The Counsel who appeared on behalf of ETI Finance Ltd made these remarks, when the lawsuit filed by the ETI company seeking permission for the restructuring of the company was taken up for hearing.

The ETI company through its counsel told court that it had prepared a proposal to restructure the company aiming to make payments to the depositors.

Meanwhile, ETI depositors yesterday sought court’s permission to intervene into the lawsuit.

Taking into consideration the facts, Commercial High Court Judge Ruwan Fernando fixed the matter for November 1, directing the Central Bank to file objections if required.

 

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