Green Lanka and Mercantile Investments settle debt dispute amicably

Tuesday, 16 January 2024 01:12 - - {{hitsCtrl.values.hits}}

Green Lanka Property Developer Ltd., Managing Director Raju Radha after extensive negotiations with Mercantile Investments and Finance PLC Managing Director Gerard Ondaatjie last week arrived at a settlement out of court to end a long standing dispute amiably over the premises on Nawam Mawatha, Colombo 2.

The terms of execution has been submitted to court which is in force now.

The counsel appearing for Green Lanka Property Developer Ltd., was Faizer Mustapha and Harsha Amarasekara, and MIF PLC Legal General Manager Jayanka Kahawevithana appeared for Mercantile Investments and Finance PLC.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.