Softlogic Holdings Ltd has been allowed to purchase the disputed Hotel Ceysands at Bentota at a price of Rs.925 million, according to a directive issued by the Supreme Court on Friday.
The 3-member Court bench headed by Justice Shirani Tilakawardane directed the Chartered Accountants committee appointed to devise a repayment plan and to asses and value Golden Key Credit Card Company (GKCC) properties, to accept the offer made by Softlogic, when the GKCC case was taken up for hearing.
The court has authorised the sale of GK properties to pay off investors who lost some Rs 26 billion after the company crashed in December 2008. |
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